Federal Reserve's Jefferson: Digital assets are an important part of financial innovation in the United States
According to Jin Shi reports, Federal Reserve Vice Chairman Jefferson stated that financial innovation has always been a significant feature of the U.S. financial system, and the rise of digital assets is part of it.The Federal Reserve's regulations neither encourage nor discourage the use of cryptocurrencies; it depends on the private sector. The role of the Federal Reserve is to ensure that the banking industry remains safe and sound while the public embraces new technologies. As long as the Federal Reserve's policies remain in sync with the needs of businesses and households, one should not assume that cryptocurrencies and other innovations will affect the Federal Reserve's ability to conduct monetary policy.