4E: Federal Reserve governor says employees should be able to hold a small amount of cryptoassets, Wyoming issues first state-level stablecoin

On August 20, according to 4E Watch, Federal Reserve Governor Bowman said that Federal Reserve employees should be allowed to hold a small amount of cryptocurrency, which will help understand digital asset products, and excessive restrictions may hinder the recruitment and retention of professionals. She also called on the industry to strengthen communication with regulators and promote the application of blockchain in areas such as fraud prevention.
US Treasury Secretary Bessent said the implementation of the GENIUS Act is critical to maintaining US leadership in the digital asset space. Stablecoins will expand global access to the dollar and drive a surge in demand for US Treasuries.
In addition, Wyoming has officially launched the first state-level stablecoin in the United States, FRNT, which is backed by US dollars and short-term US debt, and has been launched on seven public blockchains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.
4E reminds investors that policy signals and stablecoin innovation are accelerating the formation of the global digital financial system, and investors can pay attention to the linkage between the Ethereum ecosystem and the digital exploration of central banks.