On April 4, crypto journalist Eleanor Terrett posted on social media that a crucial nomination hearing for the banking and cryptocurrency industries will be held next Thursday - Republican members of the U.S. Senate Banking Committee will question Federal Reserve Governor Michelle Bowman (Trump's nominated vice chair for supervision, set to replace Michael Barr). If her nomination is approved, Bowman will become a key decision-maker in establishing regulatory policies for bank crypto asset-related activities. Republican lawmakers are expected to focus on the following issues:
· Debanking of crypto enterprises
· The Federal Reserve's stance on digital assets
· Current regulatory attitude towards the cryptocurrency industry