.svg)
Federal Reserve Governor Christopher Waller said there is “nothing to be afraid of” in using tools like smart contracts, tokenization and distributed ledgers for everyday transactions, framing them as the latest turn in a long history of payment-technology upgrades. In Aug. 20 remarks at the Wyoming Blockchain Symposium, he compared crypto transactions to card payments and receipts, calling decentralized finance “simply new technology” for transferring and recording value.
Waller argued that the private sector should remain the default engine of innovation, with the Fed focusing on maintaining safe and efficient core infrastructure. He highlighted stablecoins as an example of market-driven progress, saying they can operate 24/7, speed up transfers and even strengthen the dollar’s international role if properly regulated. He also pointed to the newly enacted GENIUS Act as a step toward the clarity stablecoin issuers need.
The stance is consistent with Waller’s earlier speeches and public comments. He has repeatedly favored private solutions over a U.S. central bank digital currency and has said competition from stablecoins could lower payment costs, while cautioning that legislation is needed to manage risks.
Waller’s profile in the crypto policy conversation has risen alongside speculation about future Fed leadership, and his latest remarks were widely circulated by industry media. Regardless of personnel outcomes, his message signals continuity: embrace new rails where they improve speed and cost, keep public and private roles distinct, and regulate to preserve stability rather than to stifle experimentation.
.png)
.png)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)