From distributed ledger to AI payments, Federal Reserve Chair nominee Waller calls for innovation and regulation to go hand in hand

Federal Reserve Governor Christopher Waller called on U.S. regulators to embrace new technologies, emphasizing their benefits for financial firms and consumers, while also establishing necessary regulatory measures to ensure safety. In his speech at the Sibos conference in Frankfurt, he pointed out that decentralized financial technology can complement traditional payment systems, and distributed ledger technology can improve the efficiency of fund transfers. He mentioned that diversified options help achieve public policy goals and announced that the Federal Reserve will hold a payment innovation conference on October 21, urging policymakers to collaborate with the industry