Fed’s Waller speaks on integrating cryptoassets in payments system

On October 21, a member of the Board of Governors for the Fed, Christopher Waller, spoke on integrating new technologies from the decentralized finance and cryptoasset sectors as mainstream payments. The speech emphasized the Fed’s shift to partner with the decentralized finance and cryptoasset industries to guide the future of payment technology, highlighting how distributed ledgers and cryptoassets have become increasingly “woven into the fabric” of payment and financial systems….
By: Orrick, Herrington & Sutcliffe LLP