Federal Reserve Governor Christopher Waller stated that there is nothing to fear about the use of cryptocurrencies in everyday transactions. Speaking at the Wyoming Blockchain Symposium, he emphasized that technologies such as smart contracts, tokenization, and distributed ledgers are simply advancements in the payments landscape. Waller highlighted the potential of stablecoins to enhance retail and cross-border payments, noting their evolution from initial purposes and attributes like 24/7 availability and fast transferability. He encouraged understanding trends in payment technology to support private sector innovation while ensuring safety. Additionally, Waller mentioned that the Fed is researching tokenization and artificial intelligence in payments. The dialogue comes against a backdrop of concerns about regulation of stablecoins, with broader implications for their adoption in global commerce. Meanwhile, Federal Reserve Chair Jerome Powell reiterated his commitment to not introducing a central bank digital currency (CBDC) as long as he remains in office, further clarifying the Fed's stance on future digital assets.

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