Historically dubious of cryptocurrencies, the US Federal Reserve could be starting to show early signs of becoming more receptive to Bitcoin and digital assets.
Recent remarks from key Fed officials point to a change in tone that would indicate a more open attitude regarding crypto inclusion, claims FOX Business writer Eleanor Terrett.
Fed Governors Recognize Growing Part Played By Crypto
Terrett highlighted comments given at the Wisconsin Bankers Association Bank Executive Conference on February 7 by Federal Reserve Governors Michelle Bowman and Christopher Waller.
Both officials talked about the increasing importance of digital assets, a clear divergence from the usually wary attitude of the central bank.
Waller, who has previously been skeptical of cryptocurrencies, noted their growing importance in the financial sector. Bowman reflected similar ideas, implying that financial institutions ought to get ready for blockchain technology to develop.
Although neither totally supports Bitcoin, their eagerness to participate in the dialogue signals a change from earlier dismissals of cryptocurrencies.
NEW: The narrative around #crypto is changing at the @federalreserve. In a pair of speeches on Friday, Republican Fed Governors Michelle Bowman and Christopher Waller both signaled a more open stance toward digital assets and their future in the financial system.
Their words…
— Eleanor Terrett (@EleanorTerrett) February 11, 2025
Journalist Notes Potential Policy Development
Terrett pointed out that although these remarks don’t prove a complete policy change, they show the Fed’s growing consciousness of the influence of cryptocurrencies.
Long given top priority by the US central bank is financial stability; worries about digital assets upsetting the economy have resulted in a cautious legislative response.
But as Bitcoin adoption rises—among institutional as well as retail investors—the Fed might be changing its posture. The fact that top authorities are now candidly talking about the asset class implies that central banking circles are giving bitcoin more importance.
Political Influence And Trump’s Crypto-Friendly Stance
Terrett also talked about how current events in politics might be affecting this shift in opinion. US President Donald Trump has openly backed an America that is friendly to crypto by announcing policies that encourage innovation in the industry.
Still, the Fed hasn’t said what laws will change about Bitcoin or financial instruments that use cryptography. The shift remains one of sentiment rather than action—for now.
What’s Next For Bitcoin And The Fed?
Terrett’s analysis indicates that crypto is no longer being overlooked at the highest echelons of financial policy, even when the Federal Reserve isn’t rushing to embrace Bitcoin. Should digital assets keep their increasing trend, the Fed might have little option except to adjust.
Right now, fans of Bitcoin can consider this as a small yet significant advancement. Though it’s yet unknown whether it results in specific legislative changes, crypto’s increasing presence in economic discussions is indisputable.
Featured image from DALL-E, chart from TradingView
