The governor of the American federal reserve, Christopher Waller, told his peers and to the private banking sector that there was “nothing to fear” cryptographic payments although it works outside the traditional banking system.
“There is nothing scary on this subject simply because it occurs in the world of decentralized finance or deffi-it is simply a new technology to transfer objects and record transactions,” he said during a speech at Wyoming Blockchain Symposium 2025 on Wednesday.
Taking advantage of innovative technology to build new payment services is not a “new story”, said Waller by presenting decision -makers and the private banking sector to work together on cryptographic payment infrastructure. “There is nothing to fear when they plan to use intelligent contracts, tokenization or registers distributed in daily transactions.”
Waller’s comments reflect the stable pivot of the Fed to adopt the crypto and its future role in the American payment system. In April, he withdrew the 2022 councils which served to dissuade the banks from engaging in Crypto and Stablecoin activities.
Last week, the Fed ended its “new supervision activities” focused on risks, supervising the activities related to the crypto, while the vice-president of the Fed for the Michelle Bowman supervision on Tuesday, the staff suggested that the staff should have small amounts of crypto to better understand the technology.
Waller’s Pro-Crypto views could soon have more weight, as it is considered a favorite to replace Jerome Powell as a Fed chair. Powell’s mandate ends in May 2026 and can only be extended if it was renovated by President Donald Trump and confirmed by the Senate. However, Trump would have put pressure on Powell to resign.
Buy guy with a crypto like buying apples with Fiat: Waller
Waller said DEFI transactions follow the same logic as daily debit card purchases, comparing the use of stablecoins to buy a same to type a delicatessen card to pay an apple.
“I can go to the grocery store and buy an apple and use a digital dollar in my current account to pay it. I press my debit card on a card reader to carry out the transaction. Finally, the machine prints a receipt, which is the recording of the transaction. The same process applies to World Crypto. “
“I buy a coin and I use a stablecoin as a means of payment. The transaction takes place using an intelligent contract. Finally, the transaction is recorded on a large distributed book. ”
Bill of genius an “important step” for the adoption of the stable
The recent signature of the law on the stables of guidance and establishment of the Stablescoins law marked an “important step” for the adoption of Stablescoin, said Waller, adding that this could help the stablescoins to “reach their full potential”.
In relation: The US Treasury calls for the public comments on the draft law law of genius
He noted that stablecoins could help maintain and extend the role of the dollar internationally – especially in countries with high inflation or those that have limited access to physical dollars – while improving retail and cross -border payments.
The Stablescoin market has increased to increase 615% by 2028
The Stablescoin market is currently at $ 280 billion – a market that the US treasure estimated in April would reach 2 dollars by 2028.
The ministry supported its projection by declaring that a regulatory framework for Stablecoin could quickly accelerate the request for American treasury bills.
TETHER (USDT) and USDC de Circle (USDC) are currently dominating the Stablescoin industry, with stock market capitalizations of $ 167 billion and $ 67.5 billion, respectively, Coingecko data show.
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