Michael Barr, the Federal Reserve’s Vice Chair for Supervision, stepped down on Monday, a move welcomed by crypto industry advocates as a potential shift toward more pro-digital asset policies.
Barr said he would step down on February 28, though he will continue to serve as a Federal Reserve Board of Governors member.
He attributed his departure to “dispute[s] over the position,” according to a statement.
It comes as appointments at U.S. federal regulatory agencies become highly politicized in the lead-up to pro-crypto President-elect Trump’s inauguration later this month.
The departure of one of the U.S. banking sector’s top cops, who long called for the implementation of “appropriate guardrails” for the digital assets industry,…
Jan 09 2025
