Fed Chairman Candidate Waller: Ethereum and stablecoins are the next step in payment development and should be adopted by institutions

Written by: Xu Chao

Source: Wall Street News

Waller, a popular candidate for the next Fed chairman, delivered an important speech, publicly expressing optimism about digital assets, especially Ethereum and stablecoins, saying that the GENIUS bill is progressing positively. This is believed to provide important policy support for institutional adoption of digital assets such as stablecoins and Ethereum.

On Thursday local time, Federal Reserve Governor Waller spoke at the 2025 Wyoming Blockchain Symposium.

Waller praised Ethereum and stablecoins as a natural next step in the evolution of payment technology, stating that smart contracts, tokenization, and distributed ledgers do not pose risks in everyday use, urging financial institutions to embrace cryptocurrencies as a natural next step in payment development.

On the regulatory front, Waller called the GENIUS Act a "good start" and promised to gradually address existing...

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