U.S. Senator Cynthia Lummis of Wyoming expressed her approval following the confirmation of Michelle “Miki” Bowman as Vice Chair of Supervision at the Federal Reserve Board.
Senator Lummis remarked, “I’m thrilled that the Senate has confirmed Miki Bowman as Vice Chair of Supervision at the Federal Reserve.” She highlighted Bowman’s confirmation as a significant development for digital assets and emphasized its importance in bringing balance and accountability to banking supervision by the Federal Reserve.
Lummis further stated, “Her confirmation represents a turning point for digital assets and brings much-needed balance and accountability to Fed banking supervision.” The senator also noted Bowman’s dedication to evidence-based regulation, which she believes will bolster America’s financial system. “Miki’s commitment to evidence-based regulation over political considerations will strengthen America’s financial system,” said Lummis.
Senator Lummis concluded with optimism about Bowman’s potential contributions in her new role: “I’m excited to see the positive impact she’ll have in this crucial role.”
