ChainCatcher news, encrypted journalist Eleanor Terrett posted on the X platform that the U.S. Senate Banking Committee has voted to approve the nomination of Michelle Bowman as the next Vice Chair for Supervision at the Federal Reserve (13 to 11), and her nomination has now been submitted to the full Senate for consideration.It is reported that Michelle Bowman has expressed a more open attitude towards digital assets and their future in the financial system, and has urged state and federal governments to establish partnerships to jointly regulate stablecoins, while lawmakers are drafting related legislation.

ChainCatcher News: Former President Trump announced on Truth Social the appointment of current Federal Reserve Board member Michelle Bowman as the new Vice Chair for Supervision of the Federal Reserve.

ChainCatcher news, The Wall Street Journal quoted sources saying that President Trump’s advisory team tends to recommend Federal Reserve Governor Bowman for the position of Vice Chairman in charge of bank supervision.After Trump took office in January, Barr resigned from the position of Vice Chairman in charge of bank supervision at the Federal Reserve, retaining only the role of Governor. Trump has not nominated a successor, and the position has remained vacant. Some Republican lawmakers have been recommending the Republican Bowman for the role, and Trump’s advisors also support this idea. Trump stated in an interview on Sunday that he would announce the relevant nominee in the near future.