Jackson Hole, Wyo.
“There is nothing to fear when thinking about intelligent contracts, tokenization or distributed accounting books,” he said at the Salt Conference. “Taking advantage of innovative technology to create new payment services is not a new story.”
Waller, who, according to the reports, is a better election for the next president of the Federal Reserve, has long been a defender of the industry and the stable.
Appointed by President Donald Trump in 2020, Waller said that some of the main innovations have been “vilified” in recent years because they were linked to digital assets.
“Those are just technologies, why are they so bad?” said. “If they lead to more useful and interesting ways to do things, then we should look at it and adopt it too.”
Waller said the Fed is analyzing how to token things and how to use intelligent contracts, as well as distributed accounting books.
“We may never go that route as a central bank, but there is no reason for us not to explore to see what happens,” he said.
Waller spoke a day after the vice president of the supervision of the Fed for the supervision Michelle Bowman, who said in a similar way that the industry should be treated better by banks and bank regulators and praised the tokenization.
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