Federal Reserve Announces Symposium on Innovative Payment Structures, Including Digital Assets
The Board of the Federal Reserve has announced it will conduct a conference on October 21st to examine innovations in the payments system. The agenda will feature structured discussions on the regulatory and operational implications of stablecoins and the tokenization of financial products.
In a statement, Fed Governor Christopher Waller emphasized the conference’s goal to “improve the safety and efficiency of payments” by evaluating new technologies. The event will include panels on the integration of traditional finance with decentralized systems and the application of artificial intelligence to payments.
This development aligns with the central bank’s recent regulatory pivot, which has included withdrawing cautionary guidance for banks on crypto assets and eliminating “reputational risk” as a formal examination category, thereby reducing barriers to banking access for crypto firms.
