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The executive of a crypto asset giant has jumped to the Federal Reserve to become the Chief Innovation Officer.
Recently, a professional with extensive experience in the fintech sector will take on an important position at The Federal Reserve (FED). This executive, who previously served as the head of digital assets at a well-known securities brokerage firm, will assume the role of Chief Innovation Officer at The Federal Reserve (FED) starting this month.
The new official has been working at the brokerage firm for nearly the past decade, mainly responsible for business in the emerging technology sector. She has served as the head of digital assets and distributed ledger technology, making significant contributions to the company's development in these cutting-edge areas.
As the head of the company's cryptocurrency team, she helped expand the relevant product line and established multiple strategic partnerships in the blockchain and cryptocurrency fields. Under her leadership, the company began offering Bitcoin futures products and invested in an emerging cryptocurrency exchange.
This executive has repeatedly discussed the investment in Bitcoin and the prospects for the development of decentralized finance in public forums. She has publicly stated her support for Bitcoin and expressed admiration for the Bitcoin community on social media.
At the same time, the Chairman of the Federal Reserve recently emphasized that assessing the risks of stablecoins has become one of the Federal Reserve's priorities. The U.S. Treasury Secretary also encouraged the Federal Reserve to continue advancing research on central bank digital currencies.
This appointment reflects The Federal Reserve (FED)'s emphasis on financial innovation, while also demonstrating the increasingly close ties between traditional financial institutions and emerging financial technologies. As digital assets and blockchain technology continue to evolve, financial regulatory agencies are actively responding to the opportunities and challenges presented by these emerging fields.