Federal Reserve Enters a ‘New Era’ in Payments, Waller Welcomes Crypto to the Table

Bitcoin Magazine Federal Reserve Enters a ‘New Era’ in Payments, Waller Welcomes Crypto to the Table

Federal Reserve Governor Christopher Waller says the central bank is entering a “new era” in payments — one that openly embraces decentralized finance (DeFi), distributed ledgers, and digital asset innovation as part of the mainstream financial system.

Speaking Tuesday at the Fed’s first-ever Payments Innovation Conference in Washington, Waller said the central bank intends to play an “active role” in the crypto revolution transforming the global payments landscape.

The conference is ongoing, but Bitcoin’s price reacted positively after a rough night. When the conference started, Bitcoin’s price was around $108,000 but has now jumped to $110,321, at the time of writing.

Waller’s sentime