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…