Senator Lummis says new Fed vice chair appointment signals ‘brighter future’ for crypto
US Senator Cynthia Lummis said the confirmation of Michelle “Miki” Bowman as Vice Chair for Supervision at the Federal Reserve marks a critical shift in the regulatory approach toward digital assets.
According to Lummis, the appointment is a “turning point” for crypto policy, and she expects a “brighter future” for the industry ahead.
The Senate confirmed Bowman on June 5 in a narrow 48-46 vote, filling the vacancy left by Michael Barr’s departure in February.
Bowman, who has served as a Fed Governor since 2018, will now oversee the central bank’s supervisory framework for major financial institutions and emerging technologies.
Lummis said in a social media post:
“Miki’s commitment to evidence-based regulation over…
