Federal Reserve Governor: Fed's Views on AI and Cryptocurrency 'About to Change'
BlockBeats News, August 20, Federal Reserve Board Governor Bowman stated that banks and regulatory agencies must embrace the benefits of new technologies such as artificial intelligence and cryptocurrency; otherwise, their role in the economy could be undermined.
In her speech, she said, "Change is coming." She suggested that ideally, regulatory agencies would allow new use cases to "skyrocket in a way that benefits the banking system." She added, "If this is not our approach, then we may face the risk of the banking system's relevance to consumers, businesses, and the overall economy diminishing."
Bowman called on the industry to help regulatory agencies better understand blockchain and digital assets, as well as the potential of new technologies to address issues such as fraud. She also indicated that she would seek to reduce regulatory scrutiny related to reputational risk, hinting at the possibility of new rulemaking. (FXStreet)
You may also like

Zuck is really out of touch! He actually acquired a dated Lobster-based social platform?

Key Market Information Discrepancy on March 11th - A Must-See! | Alpha Morning Report

How to Deal with Trump? Accept this "Art of the Deal Playbook"

AI Computing Power Arms Race Intensifies: This Startup Aims to Mine Bitcoin in Space

Claude Code launches the /btw feature, Musk X Money set to launch soon, what's the English community talking about today?

Polymarket Arbitrage Bible: The Real Edge is in the Math Infrastructure

What Is OpenClaw? How The AI Agent Could Automate Crypto Trading Through APIs
OpenClaw is a rapidly growing AI agent on GitHub that can automate tasks and even execute crypto trades through exchange APIs. Learn how OpenClaw works, how it connects to exchanges, and the risks traders should understand before using AI trading agents.

Morning News | Tencent is building an AI intelligent entity for WeChat; Meta announces acquisition of Moltbook; Nvidia plans to launch the AI agent open-source platform NemoClaw

NVIDIA's Jensen Huang's new article: The "Five-Layer Cake" of AI

In-depth Analysis of ERC-8183: The Answer to the Trust Issue of Ethereum-Powered AI Agents

Stock Tokenization Revolution: Market Dynamics, Product Architecture, and Regulatory Moat Panorama Report

The current Lobster Skill is just yesterday's Fruit Ninja, only meant to get you acquainted.

Key Market Intelligence on March 10th, how much did you miss out on?

IOSG: From Interest-Bearing Stablecoins to Crypto Credit Products

NVIDIA CEO Jensen Huang's Latest Article: The "Five Layers of AI"

Daily Observation of Cryptocurrency Concept Stocks: Nasdaq Bets on Stocks on the Blockchain, Strategy Buys Another 17,994 BTC, ETH Treasury Stocks Enter Production Period

One-click onboarding to RootData, allowing project information to be accurately presented on over 200 platforms including Binance Wallet, Gate, TP, and more
