Michael Barr, the Federal Reserve's Vice Chair for Supervision, announced his resignation effective February 28, 2025. This departure is seen as a positive shift for the crypto industry, particularly given Barr's previous calls for stricter regulations on digital assets. His exit aligns with a political landscape shifting towards pro-crypto policies, coinciding with the anticipated inauguration of President-elect Donald Trump. Advocates within the crypto sector are optimistic that Barr’s departure may pave the way for a leadership more receptive to digital innovation. Samuel Armes, founder of the Florida Blockchain Business Association, characterized the announcement as a significant victory for the crypto community. He suggested that removing officials aligned with former administration policies was essential for facilitating the growth of the sector. This change, however, is part of a broader transition within multiple federal agencies, including the SEC, which influence the regulatory framework for cryptocurrency in the U.S. Experts emphasize that while changes at the Federal Reserve and SEC are steps forward, the challenge of modernizing the entire regulatory approach towards digital assets still persists.

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