• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Michael Barr Resigns: What's Next for the Crypto Sector?

user avatar

by Giorgi Kostiuk

3 months ago


Michael Barr, the Federal Reserve's Vice Chair for Supervision, announced on Monday that he will resign effective February 28, 2025. This decision has resonated across the financial and cryptocurrency worlds.

Reasons for Michael Barr's Resignation

Barr cited political factors that could distract from his duties. The stability of the Federal Reserve system was highlighted as a key reason for his decision.

The position of vice chair for supervision was added following the Global Financial Crisis to ensure more responsibility, transparency, and accountability in oversight of our financial system. There will be a risk of it becoming a distraction from our mission.Michael Barr

Changes in Cryptocurrency Policy

Cryptocurrency supporters view Barr's resignation as an opportunity for regulatory change. He was known for advocating strong scrutiny of stablecoins and other digital assets, which sparked industry criticism.

Political Climate and Future Prospects

Barr's resignation coincides with political changes as Donald Trump prepares to take office. It is expected that his administration will be more crypto-friendly, potentially fostering industry growth.

Michael Barr's departure could mark a pivotal moment for cryptocurrency regulation. Major changes are anticipated shortly that may have significant implications for the future of the industry in the U.S.

0

Share

Other news

Binance Coin Approaches All-Time High Amid Market Optimism

Binance Coin's (BNB) price nears a record high as optimistic market trends and Binance's initiatives drive significant trading activity.

user avatarGiorgi Kostiuk

2 minutes ago

Exploring New Trends in Meme Coins: BTFD Coin and Other Promising Projects

Overview of new meme coins like BTFD Coin, Goatseus Maximus, and MEW, their features and advantages.

user avatarGiorgi Kostiuk

14 minutes ago

Fans of Studio Ghibli Protest Against AI Art

Discussion of Studio Ghibli fans' criticism of AI Art and copyright issues amid new technologies.

user avatarGiorgi Kostiuk

15 minutes ago

Avalanche (AVAX) Increases Stablecoin Supply, While BinoFi Offers Promising Presale

Avalanche shows growth, but BinoFi presents unique investment opportunities in the crypto segment.

user avatarGiorgi Kostiuk

15 minutes ago

BlockDAG Raised $210.5 Million, Cardano and Dogecoin Prepare for Breakthrough

BlockDAG achieved $210.5 million in presale, while Cardano and Dogecoin continue their fight for sustainable growth.

user avatarGiorgi Kostiuk

22 minutes ago

BlockDAG Introduces Beta Testnet with Rewards: What’s Happening with Pi Coin and SUI

BlockDAG launches Beta Testnet with $60K prize pool, Pi Coin dips, and SUI recovers. An overview of current trends in the crypto market.

user avatarGiorgi Kostiuk

23 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.