Fed chair nominee: Fed is lagging behind in developing blockchain strategy and global CBDC ecosystem

According to Fox Business News, on January 12, Perianne Boring, the nominee for the chairman of the Federal Reserve and founder and chairman of the American Digital Chamber of Commerce (CDC), expressed her views on the Federal Reserve’s cryptocurrency regulatory framework and policy. Boring said there are hundreds of billions of dollars worth of stablecoins already circulating in the cryptocurrency economy today. The Fed is ultimately behind when it comes to developing a blockchain strategy and really understanding how it will work in the global CBDC ecosystem. "The best way for the Fed is to work with the private sector and leverage the technology that has been developed and used today," he said. "I think that's really a positive sign, and it also shows that there is a real opportunity for the U.S. to continue to be on the block. Leading the way in the chain ecosystem.”