Senator Lummis called Miki Bowman’s appointment a “turning point” for crypto policy and stressed that she expects a “brighter future” for the industry.
The statement followed the official confirmation of Miki Bowman as Vice Chair for Supervision, the Federal Reserve position responsible for banking oversight.
According to Lummis, the move “brings much-needed balance and accountability to Fed banking supervision,” opening the way to a more constructive dialogue between the regulator and the crypto market. Given how closely this aligns with Lummis’s own priorities and related initiatives, her enthusiastic response was unsurprising.
Another crypto-friendly addition in Washington brings the world’s largest economy, with its vast base of institutional investors, closer to providing even more liquidity to digital-asset markets.
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Conclusion
The Senator has long advocated the creation of uniform rules for digital assets. Because any regulatory overhaul requires multiple key decision-makers, Lummis views Bowman’s appointment as a chance to accelerate that process and bolster confidence among market participants.
