US Fed to Host Payments Innovation Conference on Crypto and AI
The Federal Reserve will hold a conference on October 21, focusing on innovations in U.S. payment systems, including stablecoins, tokenization, and the intersection of artificial intelligence with payments. This event aims to bring together regulators, academics, and industry participants to discuss methods to enhance the safety and efficiency of payment systems. Governor Christopher Waller emphasized that innovation is essential in adapting to the evolving needs of consumers and businesses. The conference will feature discussions on various topics like decentralized finance (DeFi) and new stablecoin use cases. It will be livestreamed, with more details to be announced. This initiative coincides with the broader regulatory developments in the financial sector, including actions from the CFTC and SEC regarding crypto product listings and consumer protection.
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