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U.S. Senator Cynthia Lummis hails the confirmation of Michelle Bowman as the Federal Reserve’s Vice Chair for Supervision, calling it a pivotal moment for crypto. Bowman’s evidence-based approach is expected to bring balance to banking oversight.
- Senate confirms Michelle Bowman as Federal Reserve Vice Chair for Supervision with a narrow 48-46 vote.
- Senator Lummis views Bowman's appointment as critical for balanced crypto regulation and banking oversight.
- Bowman advocates for regulatory frameworks that encourage banking innovation, including digital asset technologies.
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