Upcoming Nomination Hearing to Address Key Issues in Banking and Crypto

According to Odaily, a significant nomination hearing involving the banking and crypto industries is scheduled for next Thursday. The U.S. Senate Banking Committee, led by Republicans, will convene to question Federal Reserve Governor Michelle Bowman, who has been selected by U.S. President Donald Trump to replace Michael Barr as the next Vice Chair for Supervision. In this role, Bowman will play a crucial part in overseeing and regulating banking activities related to cryptocurrencies. It is anticipated that the Republican committee members will raise numerous questions regarding the process of debanking, the Federal Reserve's stance on digital assets, and its approach to handling the crypto industry.