New Hope for Crypto-Friendly Era After Barr Resignation
Michael Barr’s decision to step down as the Federal Reserve’s Vice Chair for Supervision has sent ripples through the U.S. financial and cryptocurrency sectors.
Barr’s resignation is fueling speculation about a more crypto-friendly stance under the incoming Trump administration.
Barr, who has been described by digital asset advocates as an “anti-crypto regulator,” announced his resignation would take effect Feb. 28, though he will remain on the Board of Governors. President-elect Donald Trump’s advisers have been vocal about their desire to demote Barr, a move that carried legal uncertainty and threatened to embroil the Fed in a protracted dispute over its independence.
Barr’s resignation arrives at a pivotal time for the…
