From Skepticism to Strategy: The US Federal Reserve Governors Call Bankers to Embrace Crypto

Fed pivots from caution to embrace, urging banks to adopt crypto and DeFi technologies under Trump’s pro-digital asset agenda.

“There is nothing to be afraid of when thinking about using smart contracts, tokenization, or distributed ledgers in everyday transactions” - Christopher J. Waller, Governor of the Federal Reserve System, Wyoming Blockchain Symposium 2025

In a seemingly unusual fashion, the US Federal Reserve is strongly encouraging the banking system under it to adopt and participate in the budding blockchain industry.

This abrupt change of heart is coming with new and positive crypto policy changes from Trump’s administration, which is looking to stray away from the neutrality or arguably timid look that Biden’s administration had upon digital assets.