Nominee for Vice Chair of the US Fed to Attend Senate Hearing on the 11th... Focus on Virtual Assets and Banking Industry
Suehyeon Lee
Summary
- It was reported that a hearing regarding nominee Michelle Bowman will be held in the Senate on the 11th.
- Questions regarding virtual assets and bank regulation policies are expected.
- It was reported that nominee Bowman is likely to take on the Fed's financial supervision duties.
A hearing for Michelle Bowman, nominee for Vice Chair of the US Federal Reserve (Fed), will be held next week.
On the 4th (local time), Eleanor Terrett, host of Crypto in America, reported on X that "the Senate Banking Committee, led by Republicans, is scheduled to hold the official confirmation hearing for Bowman, nominee for Vice Chair of the Fed, on the 11th."
Bowman is likely to oversee the Fed's financial supervision duties, replacing current Vice Chair Michael Barr. Therefore, questions related to bank regulation and virtual asset (cryptocurrency) policies are expected to arise in this hearing.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![Did it crash because of Trump?…The 'real reason' Bitcoin collapsed [Hankyung Koala]](https://media.bloomingbit.io/PROD/news/d8b4373a-6d9d-4fb9-8249-c3c80bbf2388.webp?w=250)
!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)