Jackson Hon, Wyo. – The governor of the Federal Reserve Chris Waller preached that there was “nothing scary” in innovations of digital assets, during a speech at Jackson Hole on Wednesday – the second head of the high rank Fed to rent the sector this week.
“There is nothing to fear by thinking of intelligent contracts, tokenization or the registers distributed,” he said at the salt conference. “Taking advantage of innovative technology to create new payment services is not a new story.”
Waller, who would be the first choice for the next president of the Federal Reserve, has long been a supporter of industry and Stablecoins.
Appointed by President Donald Trump in 2020, Waller said that some of the main innovations had been “vilified” in recent years because they have been linked to digital assets.
“These are just technologies, why are they so bad?” He said. “If they lead to more useful and interesting ways to do things, we should also examine and adopt it.”
Waller said the Fed is considering how tokensize things and how to use intelligent contracts, as well as the registers distributed.
“We can never take this path as a central bank, but there is no reason why we do not act to see what is going on,” he said.
Waller spoke a day after the vice-president of supervision Michelle Bowman, who said in the same way, said that industry should be better treated by banks and bank regulators and rented tokenization.
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