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Federal Reserve Governor Calls For Regulators To Embrace Crypto

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Federal Reserve (Fed) Governor Michelle Bowman is urging US regulators to abandon their “overly cautious mind-set” regarding cryptocurrencies, blockchain technology, and artificial intelligence (AI). 

Speaking at the Wyoming Blockchain Symposium, Bowman emphasized the need for a proactive approach to adapt to emerging technologies, marking a departure from the more conservative stance of previous regulatory bodies.

Bowman Advocates For Flexible Oversight 

Bowman, who was nominated to the Federal Reserve Board by President Donald Trump in 2018 and appointed as Vice Chair for Supervision earlier this year, stated, “Despite this past inertia, change is coming.” 

She underscored the importance of choosing to embrace this change and creating a regulatory framework that is both reliable and efficient. “We must ensure safety and soundness while incorporating the benefits of speed and efficiency,” she asserted. 

The choice is clear from a regulator’s perspective: we can either stand still and let new technology bypass the traditional banking system or help shape its future.

A key topic in her address was the recently passed GENIUS Act, which regulates stablecoins. This legislation, signed into law by President Trump, has positioned stablecoins at the forefront of discussions about the future of the financial system. 

According to Bowman, dollar-pegged cryptocurrencies have the potential to disrupt traditional payment infrastructures while offering new opportunities for the banking sector.

In addition to discussing stablecoin regulation, Bowman revealed that she is working on plans to adjust banks’ regulatory commitments according to their size and complexity. 

Fed’s Discontinuation Of Crypto Oversight Program

The Federal Reserve also disclosed last week the discontinuation of its “novel activities” supervision program, which was designed to monitor banks’ interactions with the cryptocurrency and fintech sectors. 

This program, launched in 2023, faced criticism for imposing significant restrictions on banks engaging with digital assets. The Fed has determined that such specialized oversight is no longer necessary, citing an improved understanding of the risks involved and how banks can effectively manage these challenges.

As reported by Bitcoinist, the central bank’s move is part of a broader effort to align with President Donald Trump’s vision of making America the “crypto capital of the world.” 

By incorporating digital asset oversight into its conventional bank supervision framework, the Federal Reserve aims to foster an environment that supports innovation in the financial sector.

Speculation about Bowman’s future role has also emerged, with her name mentioned as a potential successor to current Fed Chair Jerome Powell when his term concludes in May 2026. However, during a recent Bloomberg interview, she deflected questions about her aspirations for that position.

Governor Bowman’s remarks and the regulatory changes she advocates reflect a pivotal moment for the US financial landscape, as regulators seek to balance innovation with the need for safety and stability in the banking system.

The daily chart shows the total crypto market cap at $3.76 trillion. Source: TOTAL on TradingView.com

Featured image from DALL-E, chart from TradingView.com 

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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SEC Boss Calls for Protecting Crypto Markets Against 'Regulatory Mischief'
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SEC Boss Calls for Protecting Crypto Markets Against ‘Regulatory Mischief’

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  • A new day for crypto 
  • Future-proofing crypto industry  

U.S. Securities and Exchange Commission Chair Paul Atkins has stated that the agency must craft a framework that would protect cryptocurrency markets against regulatory mischief in the future. 

“I look forward to working with my counterparts across the Administration and Congress to get the job done,” Atkins stressed. 

As reported by U.Today, Atkins stated that the agency was mobilizing all of its divisions in order to be able to achieve cryptocurrency dominance while also stressing that he was looking forward to more progress in Congress when it comes to cryptocurrency-focused legislative efforts. 

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He also made it clear that the SEC was focused on moving away from the hostility that was fomented under the leadership of former SEC Chair Gary Gensler. 

A new day for crypto 

During a recent appearance at the 2025 Wyoming Blockchain Symposium, which is taking place in Jackson Hole, Atkins stressed that it is “a new day” for the cryptocurrency industry. 

“You know, the lawfare that was being waged over the last few years is, you know, even more than I imagined, he stressed. 

Atkins has recalled that the SEC went from a “head-in-the-sand” approach, hoping that crypto would just go away, to active regulation by enforcement under Gensler. 

Now, however, the SEC is embracing innovation. “We want to embrace innovation and, historically, the SEC, frankly, has not shunned innovation,” Atkins added. 

Future-proofing crypto industry  

Atkins has added that there are a lot of questions that have to be answered, stressing the importance of the recently passed GENIUS Act, which brings much-needed clarity to the stablecoin sector. 

At the same time, he has stressed the need for future-proofing the industry from regulatory overreach, stressing that things will be different five or ten years from now. 

“So, all I’m pleading for is, you know, flexibility so that we can keep the regulatory scheme adaptable to changes in the marketplace and technology as we go forward,” he added. 



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Emdoor EM-959-NM16ASH-1
Gaming Gear

This new AMD Ryzen AI MAX laptop calls itself a workstation, yet looks, sounds, and acts exactly like a gaming system

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  • Emdoor EM-959-NM16ASH-1 Ryzen AI MAX chip promises strong workstation power
  • Display refresh reaching up to 180Hz seems excessive for workstation needs, leaning toward gaming territory
  • At 2.45 kilograms, this laptop feels more like a desktop replacement than a mobile workstation

Emdoor, a company that has mostly kept a low profile since 2023, is now releasing another system that it calls a “high-end PC workstation with next-gen AI chip.”

The device, listed under the code “EM-959-NM16ASH-1,” comes with AMD’s Ryzen AI MAX processors, also known as Strix Halo.

The Emdoor EM-959-NM16ASH-1 features soldered LPDDR5X-8000 memory on a 256-bit bus, giving high bandwidth but preventing upgrades.


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A workstation or gaming laptop?

Although the memory is limited to a maximum of 128GB at purchase, the storage is more flexible with two PCIe 4.0×4 M.2 slots supporting up to 8TB.

The display is a 16-inch panel at 2560×1600 resolution, with refresh options of either 165Hz or 180Hz.

Such specifications may attract users looking for a video editing laptop, but they also blur the line between workstation and gaming hardware.

That impression is further reinforced by leaked internal file names tied to the design, which included the term “GAMES.”

At 2.45kg, the system is heavier than many of its rivals, with the likes of Sixunited’s XN77-160M-CS and HP’s ZBook Ultra G1a weighing less than 1.8kg.

Although bulkier construction may have been chosen to handle the 45–120W thermal design of Strix Halo, this weight might be acceptable only for a stationary workstation, as buyers seeking a business laptop may not find this design appealing.

It also includes a 99Wh battery that is claimed to last eight hours, but without independent testing, such claims remain promises.

Cooling is handled by a dual-fan setup coupled with triple heat pipes and a quad-exhaust system.

The company markets this system as a workstation, but the aesthetics, refresh rates, and naming history suggest gaming roots.

Since Emdoor acts as an original design manufacturer, the same model could easily appear under another brand marketed as a gaming system.

Whether this laptop becomes a reliable tool for professionals or fades into obscurity, as some of the firm’s past projects have, will only be clear once it reaches the market and real-world feedback emerges.

Currently, only a limited number of PCs feature the Strix Halo chip, with examples including the Asus ROG Flow Z13 (13.4″), the HP ZBook Ultra 14 G1a, and a handful of others.

In terms of pricing, these devices cost well over $2,000, and considering the specifications of the Emdoor EM-959-NM16ASH-1, it will likely cost more.

Via Videocardz

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Animal rights group PETA calls for Nintendo to remove Cow's "cruel" nose ring
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Animal rights group PETA calls for Nintendo to remove Cow’s “cruel” nose ring

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Animal rights campaign group PETA is calling on Nintendo to remove Mario Kart World’s Cow’s nose ring.

In a statement, PETA said no real-world cow would sport Cow’s “goofy grin” if they were forced to wear a ring, “a tool of cruelty that causes lasting pain and discomfort”, and wrote to Nintendo president Shuntaro Furukawa earlier this week to explain that “nose rings are forcibly pierced through one of the most sensitive parts of a cow’s body”, often used to drag or control cows ans bulls “to their deaths”.

Image credit: PETA / Nintendo

“We know Mario Kart World is just a game – and that’s exactly why Cow’s nose ring needs to go,” the organisation said. “Mario Kart is supposed to be a fun escape, not a reminder of the painful tools used on cows in the meat and dairy industries. No one wants to think about animal suffering while zipping around a race track.”

The dairy industry also reportedly clips “spiked nose rings on baby cows so that the comforting act of nursing from their mother causes her pain and the baby is rejected and kicked away. To control bulls, a chain might be fastened from the nose ring to the bull’s horn for even more pain-driven control”.

“It’s not a style choice,” the organisation added, “It’s a cruel tool used to control and hurt cows in the meat and dairy industries, which causes lasting pain and discomfort.”

PETA has previously taken action against other games, including Animal Crossing: New Horizons, which it said encouraged “abusive behaviour toward fish and insects […] tearing wildlife out of their homes and display them in cramped cases in a museum”. It’s also launched campaigns against Palworld and Hunting Simulator 2.

Nintendo sold 5.82m Switch 2 consoles worldwide in its first month of release and 5.63m copies of Mario Kart World, meaning the launch title had an attachment rate of around 97 percent.



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‘They're Not Breathing’: Inside the Chaos of ICE Detention Center 911 Calls
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‘They’re Not Breathing’: Inside the Chaos of ICE Detention Center 911 Calls

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During visits in recent months, Emelie says her husband, who was detained at Stewart until he was deported last month, described severe overcrowding. “He told me once Trump took over, they were rolling out mats in the halls. People were sleeping out there.”

Emelie is a pseudonym granted for privacy. She says the conditions took a visible toll on her husband, who lost weight, grew increasingly anxious, and struggled to sleep amid the noise and tension. He described having to wait long stretches between meals. When her husband came down with the flu and spiked a high fever, she says, he filed multiple sick call requests, but never received care. “He had Covid-19 once,” she says. “Same thing. People would be sick and just left to get worse.”

“You don’t stand a chance at Stewart,” Emelie says, “It’s a death sentence for you and your family.”

When asked about overcrowding at Stewart, Todd told WIRED, “Everyone in our care is offered a bed.” But three attorneys who regularly visit the facility said their clients have consistently described sleeping on floors or in plastic containers fitted with thin mats. Three relatives of current and former detainees corroborated those accounts.

CoreCivic did not respond when asked how it defines a “bed.”

Scrambling to Cope

The consequences of overcrowding extend far beyond Stewart.

“We’re seeing a lot more transfers happening abruptly and frantically,” says Jeff Migliozzi, the communications director for the nonprofit Freedom for Immigrants, which runs the National Immigration Detention Hotline. “They’re scrambling.” Hotline calls more than doubled from 700 in December to 1,600 in March. Many go unanswered, Migliozzi says, because the lines are often too busy.

Dispatch data obtained from these detention facilities across the US reflect the surge. Six of the 10 facilities reviewed by WIRED experienced a sharp month-to-month spike in 911 calls at some point in 2025, with emergency dispatches more than tripling in certain cases. For example, nearly 80 emergency calls were placed from the remote South Texas ICE Processing Center between January and May. Logs show that the number of calls more than tripled in March, rising from 10 in February to 31. In one week, dispatchers fielded 11 separate calls at the facility, which is run by the GEO Group, one of the nation’s largest for-profit prison operators.

Migliozzi cautions that a rise in 911 calls doesn’t necessarily signal worsening conditions but may simply reflect a surging detainee population within an already dire system. Other experts noted a rise in calls could, hypothetically, signal that staff are getting quicker to call for help—though, conversely, a decline might just as easily point to delayed responses, not fewer crises

Three of the seven 911 calls obtained by WIRED involving suicide attempts this year came from the South Texas center: In February, a 36-year-old man swallowed 20 over-the-counter pills. In March, a 37-year-old detainee ingested cleaning chemicals. Two weeks later, a 41-year-old man was found cutting himself.

Immigration detention isn’t supposed to be punitive, says Anthony Enriquez, vice president of advocacy at Robert F. Kennedy Human Rights. “But the conditions of confinement in detention are so brutal,” he says, “that people have attempted suicide while waiting for their day in court.”



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Bitcoin Holds Ground as Fed’s Waller Calls for July Rate Cut

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In brief

  • Federal Reserve Governor Christopher Waller argued that the Fed should cut rates in July before the labor market “tanks.”
  • The Fed held interest rates steady on Wednesday for a fourth consecutive month.
  • Fed Chair Powell noted that economic uncertainty, amid Trump’s trade war, remains elevated, but that the haze has “diminished.”

The price of Bitcoin was little changed on Friday as U.S. Federal Reserve Governor Christopher Waller argued that the U.S. central bank could start lowering interest rates as early as July.

Bitcoin was recently changing hands at $104,300, flat over the past day and down 0.6% since Israel and Iran began exchanging missile attacks a week ago, according to crypto data provider CoinGecko. Ethereum was flat over the past 24 hours to trade just around $2,500, while Solana ticked up slightly.

With inflation running cooler-than-expected in recent months, Waller argued that the central bank has a green light to begin lowering borrowing costs, despite U.S. Donald Trump’s tariffs, which economists fear could lead to slower economic growth and higher costs for consumers—and Middle East tensions that could fuel higher energy prices.

“I think we’re in the position that we could do this as early as July,” he said on CNBC’s “Squawk Box. “That would be my view, whether the committee would go along with it or not.”



Waller’s comments follow the Fed’s decision to hold rates steady on Wednesday for a fourth meeting in a row, adhering to a wait-and-see approach adopted under Trump’s term. During the conference, Fed Chair Jerome Powell noted that economic uncertainty for the U.S. remains elevated, but has “diminished,” amid twists and turns in the president’s trade policy.

Most policymakers at the Fed are penciling in two quarter-percentage-point rate cuts this year, economic projections released on Wednesday showed. At the same time, a greater number of governors estimated that the central bank would deliver no rate cuts this year, as their median estimates pointed to slightly higher inflation and slower economic growth.

Waller said that the bank should start cutting rates soon “because we don’t want to wait until the job market tanks before we start cutting the policy rate.”

Many economists feel the Fed is in a tough place, where any action will negatively affect progress on its dual mandate: cut rates too soon and inflation could take off again, hold rates elevated for too long and that could hamstring its goal of facilitating full U.S. employment.

“The Fed is caught in a holding pattern due to tariff uncertainty and is waiting for more information,” Grayscale’s Head of Research Zach Pandl told Decrypt. “Taking a step back, the Fed’s projections still point to easing ahead, despite higher expected inflation later this year.”

Fed futures traders penciled in a 14% chance on Friday that the bank would cut rates in July, a decrease from 28% a month ago, according to CME FedWatch. The central bank has held its benchmark rate at a target range of 4.25% to 4.5% since December.

Bitcoin boomed as the Fed lowered interest rates by a full percentage point last year. Although the central bank’s easing came amid the reelection of America’s first “crypto president,” lower interest rates tend to benefit risk assets like stocks and crypto by freeing up liquidity.

The president himself has clashed with the Fed’s reluctance to ease borrowing costs amid his trade war, while also pursuing an immigration crackdown. Prior to the Fed’s decision on Wednesday, the president called Powell “stupid.”

Edited by James Rubin

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Asmongold Twitch streamer.
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Asmongold calls out Twitch for “anti-competitive” multistreaming rules

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Kick streamer Asmongold put Twitch on blast for its rules on multistreaming that he believes are biased towards the purple platform.

In June, Asmongold and Tectone made the leap over to Kick as part of a new commitment to multistreaming and immediately revealed how much more money they were making as a result.

With so much attention on multistreaming, many creators followed suit including FaZe, OTK and numerous other streamers, but that suddenly shed light on Twitch’s policies towards simulcasting.

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Of note, a streamer by the name of ‘Nutty’ was banned for violating those rules, which prevent creators from showing other websites’ chats, providing links to off-platform streams or merging features.

On June 18, Asmongold reviewed those guidelines during a broadcast and was absolutely baffled at how restrictive they can be.

Asmongold accuses Twitch of trying to “monopolize” multistreaming

“Twitch, I’m not even kidding you, puts it as a rule that if you simulcast, you have to read Twitch chat,” he said. “Oh my God.”

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He continued on, reading the guidelines, and grew flustered at Twitch’s wording, adding that they should just state they don’t want viewers going to competing websites.

Asmongold calls out Twitch for their archaic TOS surrounding simulcasting

Says they enforce these rules meticulously because they’re losing market share

“Twitch puts it as a rule that if you simulcast you have to read Twitch chat..Twitch wants to give themselves an edge..over… pic.twitter.com/rzxmZfolXL

— yeet (@Awk20000) June 19, 2025

“None of this makes sense…The reason this exists is because Twitch wants to give themselves an edge in multistreaming and they know because they have the biggest platform, they can afford to do that,” he explained.

“This is total anti-competitive behavior. There is no benefit for any streamer. There is no benefit for any user. This is purely something Twitch can do so they can monopolize their platform.”

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Asmongold further labeled these policies “detrimental” to the user experience but believes that Twitch won’t be able to get away with this forever as competition in the streaming space from Kick and YouTube intensifies.

In fact, according to StreamsCharts, Kick viewership grew by 29% in May alone, something the site’s co-founder, Bijan Tehrani, used to put Twitch on blast.

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“Twitch banning multistreamers proves only one thing: the party’s better elsewhere and they’re terrified you’ll find out,” he said.

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Twitch banning multistreamers proves only one thing: the party’s better elsewhere and they’re terrified you’ll find out. https://t.co/Q4Ep7umAd6

— Bijan Tehrani (@BijanTehrani) June 19, 2025

Tehrani further echoed some of Asmongold’s points, adding: “Twitch is afraid of losing their monopoly. Instead of innovating or giving creators more they are going to do what they’ve always done which is engage in pathetic anti-competitive behavior.”

Only time will tell if Twitch decides to change its multistreaming rules, especially now that more and more creators are giving it a shot.

Even Valkyrae, in a request ahead of its time, urged Twitch to modify its guidelines back in April, as she risked a ban for showing YouTube chat while streaming on the Amazon-owned platform.

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Kojima on stage at Sydney Film Festival 2025
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Hideo Kojima calls Clair Obscur: Expedition 33 “ideal” for one key reason

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Gaming auteur Hideo Kojima heaped praise on 2025 smash hit Clair Obscur: Expedition 33, calling the game “ideal” for how efficiently it was made with such a small team behind it.

Expedition 33, the debut project from French studio Sanfall Interactive, launched in April of this year not to a whisper, but to thunderous applause. Both critically and commercially, it became one of the most high-profile releases of the year, with many considering it a shoo-in for Game of the Year.

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Of course, we’ve seen countless praise the game for its innovative turn-based combat and its grim yet utterly engrossing narrative. But Metal Gear creator Hideo Kojima has put the title on a pedestal for a different reason.

When speaking at a group interview Dexerto attended in Sydney, Australia ahead of the release of Death Stranding 2, Kojima mentioned how his own studio in Japan has ballooned in size over the years. With the demands of the industry only rising, it requires more hands to get the job done. At least, that’s been the theory until games like Expedition 33 came along.

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Hideo Kojima praises Clair Obscur: Expedition 33 for its team size

“When I first started, it was like a team of six,” Kojima said with a laugh. “You could do everything yourself. Now, it’s expanded. You can’t really control each employee, so you delegate. But sometimes, the idea doesn’t really work out because it’s a bigger team.”

Disney+Kojima went on to claim many modern action games “should be done in smaller teams.”

Highlighting the recent blockbuster of Expedition 33 as a standout success, Kojima labelled it as his “ideal” game development experience. “They only have like 33 team members and a dog. That’s my ideal when I create something with a team.

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“Creation has now become much bigger. It’s kind of a war between how efficient you could [be] with the small team, but you have to make it so grand.”

Continuing his explanation, Kojima even argued that much of modern game development is akin to “factory” work. “Big companies, like 600, 1,000 people, they’re full of totally different teams,” he stressed. “Everyone’s concentrating on their work and then combining together.”

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Kojima couldn’t let George Miller down

Amusingly, when Kojima last met with Mad Max creator George Miller prior to their 2025 conversation at the Sydney Film Festival, they spoke on this very subject.

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“I’m trying to keep Kojima Productions under 150 people,” he told his ‘God’ back in the studio’s early days.

“It’s the same as the nomads,” Miller told Kojima. “They can’t go over 150, that’s the biggest group.”

DexertoKojima gifted the Mad Max creator with a signed Death Stranding 2 poster.

When the pair met up again, Miller recalled the conversation and asked if Kojima had kept true to his desire. “You still have your team under 150?” he questioned.

“During the pandemic… It was over 200 people,” Kojima told us, but he simply “couldn’t tell that to George.”

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Mexico President Sheinbaum calls for no ICE action at Gold Cup

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Jun 13, 2025, 05:22 PM ET

Mexican President Claudia Sheinbaum on Friday urged U.S. authorities not to conduct immigration enforcement targeting attendees of a Gold Cup soccer match in Inglewood, California, where Mexico’s team is due to play the Dominican Republic on Saturday.

Her comments followed recent raids by immigration authorities in the Los Angeles area targeting undocumented migrants under policies associated with President Donald Trump’s administration, which have sparked protests across major cities.

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U.S. Customs and Border Protection, in a now-deleted post to social media, had also promised to be “suited and booted” at the first round of Club World Cup soccer matches, the curtain-raiser event for next year’s World Cup.

“We don’t believe that at any soccer match there will be any [immigration] action. … We call for none to be taken by U.S. Immigration and Customs Enforcement,” Sheinbaum said in her morning news conference.

Asked if she would still advise fans to attend Saturday’s match at SoFi Stadium, Sheinbaum noted that Mexican consulates in the U.S. have established protocols to assist citizens if detained.

“This campaign we are carrying out through the consulates will provide all the information on what to do if detained, as well as ongoing contact with families,” Sheinbaum said.

Mexican President Claudia Sheinbaum has called for immigration authorities not to target fans attending Gold Cup games in the U.S. Daniel Cardenas/Anadolu via Getty Images

In response to its social media post, CBP said it regularly provides security at big sporting events.

“U.S. Customs and Border Protection is committed to working with our local and federal partners to ensure the FIFA Club World Cup 25 is safe for everyone involved, as we do with every major sporting event, including the Super Bowl. Our mission remains unchanged,” it told The Associated Press on Thursday.

Sheinbaum also addressed viral social media images of demonstrators in Los Angeles holding Mexican flags, dismissing them as “potential provocations.”

“Mexico will always promote peace,” she said, adding that its nationals in the U.S. are hardworking individuals who do not seek to incite violence.

Usually, the Mexican national team matches attract large crowds whenever it plays in Southern California. Its last match there was in March, when more than 50,000 fans attended a Nations League semifinal against Canada.

For safety concerns, the Mexican national team decided to change hotels earlier in the week and moved from downtown to Long Beach.

Mexico will play its next two Concacaf Gold Cup group stage matches in Arlington, Texas, and Las Vegas. The tournament also features Central American countries with sizable migrant populations in the United States.

Information from Reuters and The Associated Press was used in this report.



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It’s About Darn Time: Apple Will Finally Screen Your Calls and Messages

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There’s one big feature I’m looking forward to in iOS 26, iPadOS 26 and MacOS Tahoe 26, and it’s one that Apple should have added ages ago: call and text screening. It could do more than keep me from talking to strangers — it could keep me safe from scammers looking to steal my information or my identity.

Similar to features from Google and Samsung, Apple’s Call Screening vets unknown callers by checking what they want before sending them your way. The company announced the capability at its Worldwide Developers Conference 2025 keynote.

This could help curb the threat of AI voice clone scams, which allow scammers to create AI voice clones with just 3 seconds of recorded voice. These call and message screening features may come years after many of Apple’s competitors have already implemented them, but it’s an easy W for Apple nonetheless.

There’s also a new text message filtering capability that places messages from unknown senders into a separate folder for you to review or ignore. This could help limit the number of people who fall for job, toll or other text phishing scams. 

I get two, maybe three of these text messages a week. Having them on their own little island may not stop the frequency at which they’re sent, but it will certainly provide some peace of mind that I won’t accidentally click a scam link or fall for an AI phishing scam. Plus, a less cluttered inbox is always nice.

Apple’s new features come at a good time, too. A recent CNET survey showed that 96% of Americans receive at least one scam message from email, phone calls or texts each week. While Apple may be late to the party, anything that helps fewer scams reach you is a welcomed addition.



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