Fed’s Michael Barr resigns, easing crypto regulation concerns
Michael S. Barr resigns as Fed Vice Chair for Supervision, easing fears of harsh crypto regulations during President Biden’s final months in office.
Michael S. Barr, Vice Chair for Supervision at the Federal Reserve, has announced his resignation from the role but will remain on the Fed’s Board of Governors until further notice. Known for his anti-crypto stance, Barr was a key figure behind regulatory crackdowns on stablecoins and vocal opposition to a US Central Bank Digital Currency (CBDC). His departure is expected to ease concerns over potential harsh regulatory changes during President Biden’s final months in office.
Barr’s resignation will officially take effect on February 28 or once a successor is…
