4E: Federal Reserve Board member says employees should be allowed to hold a small amount of crypto assets, Wyoming issues first state-level stablecoin

ChainCatcher news reports that, according to 4E observations, Federal Reserve Governor Bowman stated that Federal Reserve employees should be allowed to hold a small amount of cryptocurrency, which would help in understanding digital asset products. Overly restrictive measures may hinder the recruitment and retention of professional talent. She also called for the industry to strengthen communication with regulators to promote the application of blockchain in areas such as fraud prevention.

U.S. Treasury Secretary Bessent stated that the implementation of the GENIUS Act is crucial for maintaining the leadership of the U.S. digital asset sector. Stablecoins will expand the global use of the dollar and drive a surge in demand for U.S. Treasury bonds.

Korean Central Bank Governor Lee Chang-yong stated in Congress that a won stablecoin is inevitable in the future, but it should be gradually introduced from the banking system, emphasizing the need for careful assessment of potential risks.

On the market side, BitMine Chairman Tom Lee shared a fund analyst's view that Ethereum may pull back to $4075-$4150 mid-week, which is considered a healthy adjustment. On the other hand, the verifiable computing layer Boundless released its tokenomics: its native token ZKC has a total supply of 1 billion, with 49% allocated for ecosystem development, 23.5% for the team and contributors, 21.5% for investors, and 6% for community sales and airdrops.

Additionally, Wyoming has officially launched the first state-level stablecoin in the U.S., FRNT, which is backed by the dollar and short-term U.S. Treasury bonds, and has been launched on seven public chains: Ethereum, Solana, Arbitrum, Avalanche, Polygon, Optimism, and Base.

4E reminds investors that policy signals and stablecoin innovations are accelerating the formation of the global digital financial system, and investors may pay attention to the interconnected effects of the Ethereum ecosystem and various countries' digitalization explorations.