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‘Nothing Scary’ About Crypto, Federal Reserve Governor Says

by admin August 20, 2025



In brief

  • Federal Reserve Governor Christopher Waller said stablecoins have the potential to improve retail and cross-border payments.
  • He acknowledged some fear and skepticism toward innovation in payments.
  • The Fed is researching tokenization, he said.

Using cryptocurrencies to facilitate ordinary payments should be no more intimidating than swiping a debit card, Federal Reserve Governor Christopher Waller said on Tuesday.

“There is nothing to be afraid of when thinking about using smart contracts, tokenization, or distributed ledgers in everyday transactions,” he said in a speech at the Wyoming Blockchain Symposium in Teton Village, Wyoming. “This is simply new technology.”

Waller described stablecoins as a continuation of advancements in payments, pointing to the early days of physical cards that lacked magnetic strips or chips. Stablecoins have evolved from their original purpose, he acknowledged, but “have the potential to improve retail and cross-border payments,” while also making it easier to access the U.S. dollar globally.

“As the stablecoin market matured, firms found that the properties of stablecoins using distributed ledger technology—including 24/7 availability, fast transferability, and their freely circulating nature—could be attractive for other use cases as well,” he said.



Waller, who was appointed during U.S. President Donald Trump’s first term, told The Wall Street Journal last month that he would accept a role as Fed Chair if asked. He also dissented from the central bank’s decision to hold rates steady in July for a fifth straight meeting, calling for a quarter-percentage-point rate cut alongside governor Michelle Bowman.

On Tuesday, Bowman gave her own address at the Wyoming confab, saying “you don’t need a tech background to appreciate the opportunity that blockchain provides to the financial system.”

 

Waller recognized on Wednesday that some have “been fearful or skeptical of innovation” in the payments space, but he underscored that “there is nothing scary” about crypto transactions just because they take place within the realm of decentralized finance.

The GENIUS Act’s passage created a federal framework for stablecoin issuers, and Waller said that this could help dollar-pegged tokens “reach their full potential” in the U.S.

Although his comments were geared toward private-sector innovation, Waller’s remarks follow the debut of Wyoming’s stablecoin earlier this week. Revenue generated from the token’s reserve is expected to go toward the state’s school foundation fund.

The Fed has played a role in supporting payments technology by providing infrastructure for clearing and settlement to financial institutions. That has been the case since the central bank’s early days, Waller noted.

As stablecoins become ingrained in the financial world, Waller said the Fed is conducting research on tokenization, smart contracts, and artificial intelligence in payments. Although conservatives have warned against the dangers of a dollar-pegged token issued by the Fed, Waller did not explicitly reference Central Bank Digital Currencies.

“It is important to understand trends in payments technology so that we can continue to support private sector firms that leverage our infrastructures, as well as understand whether emerging technologies could provide opportunities to improve our existing platforms and services,” he said.

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August 20, 2025 0 comments
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Federal Reserve Governor Calls For Regulators To Embrace Crypto

by admin August 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

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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August 20, 2025 0 comments
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stablecoin
GameFi Guides

Federal Committee To Review State-Level Rules

by admin August 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US federal regulators are set to review state regulations of stablecoins to “even out” rules across jurisdictions under the new federal regulatory framework for the sector, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

State-Level Stablecoin Rules To Face Federal Review

A federal committee led by the US Treasury Secretary is expected to start evaluating state-level regulatory regimes to determine whether they are similar to the federal regulatory framework under the GENIUS Act.

Following last month’s enactment of the landmark crypto legislation, the Stablecoin Certification Review, comprised of the US Treasury Secretary and the chairmen of the Federal Reserve and the Federal Deposit Insurance Corporation, is in charge of reviewing state-by-state rules and “establish broad-based principles for determining whether a State-level regulatory regime is substantially similar to the Federal regulatory framework under this Act.”

Excerpt from the GENIUS Act. Source: congress.gov

The requirement aims to level out regulatory approaches between states to make compliance by stablecoin issuers more seamless across jurisdictions, as issuers face a different set of rules and policies depending on each jurisdiction, with some states having a stricter approach to the industry while others have a more welcoming strategy.

Gavin Meyers, a financial services regulatory partner at Pierson Ferdinand LLP, told Bloomberg Law that “It creates a potential for less of a mosaic of state-by-state regulation, which kind of plagues other aspects of the financial industry,” asserting that “eliminating that barrier is a highly beneficial aspect of the committee.”

“There will be some wiggle room in states that have been more favorable to crypto generally, like Wyoming,” Meyers affirmed. Notably, Wyoming has passed over 45 pieces of crypto-related legislation since 2016, including a bill in 2023 that authorized a state commission to issue stablecoins pegged to the US dollar.

Moreover, it launched Frontier (FRNT), the US’s first state-issued stablecoin, on seven blockchains, including Ethereum, Solana, and Avalanche, on August 19. Nonetheless, “due to lingering regulatory hurdles, the token is not yet available to the public,” noted crypto journalist Eleanor Terrett on X.

The Importance Of Clear Frameworks

According to the Bloomberg Law report, the federal Committee is ready to “even out the state-by-state approach, curtailing stricter regulatory regimes or building upon permissive state frameworks.”

Rosemary Spaziani, a partner at Gibson Dunn & Crutcher LLP, told the news media outlet that “If 40 states all sign on to what the federal government does, those are going to be pretty simple rubber stamps—they’re going to adopt a model act and incorporate it into their laws,” while “the ones that deviate are probably going to be a bit of a bottleneck.”

Additionally, the companies hoping to enter the stablecoin sector will likely welcome federal oversight to avoid potential compliance issues. Meyers noted that “If you are licensed by whichever state that qualifies under the ‘GENIUS Act,’ that certification is good across the country.”

Recently, leading banking associations sent a joint letter to the US Senate Banking Committee calling for amendments to the GENIUS Act. The associations asked the lawmakers to address multiple “loopholes” in the landmark legislation, arguing that a clear regulatory framework is crucial for the digital assets market.

Among the recommendations, they urged the Committee to strengthen the prohibition on interest payments related to payment stablecoins and to repeal a section of the GENIUS Act that allows uninsured, out-of-state-chartered financial institutions to operate without the host states’ approval, which could complicate regulation.

Bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, 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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August 20, 2025 0 comments
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Jesse Hamilton
Crypto Trends

U.S. Federal Reserve’s New Supervision Chief Sold on Bringing Crypto to Finance

by admin August 19, 2025



The U.S. Federal Reserve’s newest vice chair who supervises Wall Street banking, Michelle Bowman, made a crypto speech on Tuesday that could have been uttered by one of the industry’s own policy wonks, advocating that banks get behind the digital assets surge and that the Fed give the sector rules that won’t get in crypto’s way.

At the Wyoming Blockchain Symposium, Bowman warned banks that don’t embrace the shift toward crypto “will play a diminished role in the financial system more broadly,” and she further underlined what’s already been an obvious change in crypto sentiment from U.S. banking regulators.

“Your industry has already experienced significant frictions with bank regulators applying unclear standards, conflicting guidance, and inconsistent regulatory interpretations,” she said. “We need a clear, strategic regulatory framework that will facilitate the adoption of new technology, recognizing that in some cases, it may be inadequate and inappropriate to apply existing regulatory guidance to address emerging tech.”

In March, President Donald Trump nominated Bowman to be elevated from a board seat to the role of vice chair for supervision, and she was sworn in about two months ago. She’ll occupy a leading role in the Fed’s writing and adoption of rules for stablecoins, as outlined by the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, and her latest remarks show how much she’s aligned with the president on fostering the technology.

“Regulators must recognize the unique features of these new assets and distinguish them from traditional financial instruments or banking products,” Bowman said, advocating that the pending rules be closely tailored to what the industry is doing and not a “worst-case scenario.”

Bowman addressed asset tokenization, saying it can make transfers of ownership faster, mitigate “well-known risks” and make the process cheaper, and she said stablecoins are “positioned to become a fixture in the financial system.” 

“It is essential that banks and regulators are open to engaging in new technologies and departing from an overly cautious mindset,” she said.

The vice chair also said the agency “should consider allowing Federal Reserve staff to hold de minimus amounts of crypto or other types of digital assets so they can achieve a working understanding of the underlying functionality.”

“I certainly wouldn’t trust someone to teach me to ski if they’d never put on skis, regardless of how many books and articles they have read, or even wrote, about it,” Bowman remarked.

Read More: U.S. Federal Reserve’s New Supervision Chief Will Wield Crypto Authority



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August 19, 2025 0 comments
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Crypto
GameFi Guides

Banks Authorized For Crypto Activities, Confirms Federal Reserve Chair Powell

by admin June 24, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Federal Reserve Chair Jerome Powell announced on Tuesday that banks will have the autonomy to determine their customer base, signaling an open door for digital asset investors and the introduction of new investment products centered around crypto assets. 

Freedom To Engage In Crypto Activities 

During his remarks before the House Financial Services Committee, Powell emphasized that banks are now positioned to offer banking services specifically tailored to the cryptocurrency industry and its associated companies.

On Tuesday, Powell further stressed that these digital asset activities must be conducted with a focus on maintaining safety and soundness for everyday investors. 

This announcement follows the Federal Reserve’s recent decision to remove reputational risk from its bank examination criteria on Monday, a change that aligns with similar actions taken by other US banking regulators, such as the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC).

Banks had expressed concerns that the previous emphasis on reputational risk could lead to subjective judgments from regulators, potentially penalizing institutions for engaging in legally permissible activities, including cryptocurrency, that do not pose significant financial risks. 

With the removal of this standard, the Federal Reserve has signaled a more lenient regulatory environment, allowing financial institutions to engage more freely in crypto-related projects and offerings.

Inflation Forecast

Addressing broader economic issues that can influence cryptocurrency prices, Powell highlighted ongoing concerns about inflation, which remains above the Fed’s target of 2%. 

The Fed chair noted that the impact of President Donald Trump’s tariffs on the economy is still uncertain, stating, “Policy changes continue to evolve, and their effects on the economy remain uncertain.” 

Powell explained that the effects of tariffs will depend on their ultimate levels and that historically, tariffs have led to one-time price increases rather than sustained inflationary pressures.

As for inflation metrics, Powell indicated that the Fed’s preferred measure is likely to rise to 2.3% in May, with the core measure—excluding food and energy—expected to edge up to 2.6%. 

In April, these figures were recorded at 2.1% and 2.5%, respectively. Powell and his colleagues on the Federal Open Market Committee (FOMC) are carefully considering these dynamics and do not feel rushed to adjust policy until more data on the impact of tariffs becomes available.

The daily chart shows the total crypto market cap at $3.21 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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June 24, 2025 0 comments
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Federal Reserve Cuts Reputational Risk Category In Win For Crypto
Crypto Trends

Federal Reserve Cuts Reputational Risk Category In Win For Crypto

by admin June 24, 2025



The US Federal Reserve said it has directed its supervisors to no longer consider “reputational risk” in its oversight of banks, which the crypto industry had long argued was used to unfairly target and debank crypto firms.

Industries deemed risky face significant challenges in establishing or maintaining banking relationships, and this was seen driving the so-called Operation Chokepoint 2.0 when more than 30 technology and crypto companies were denied banking services in the US. 

In a statement on Monday, the Federal Reserve Board said it has started reviewing and removing references to reputation and reputational risk from its supervisory materials and replacing them with more “specific discussions” around financial risk.

At the same time, the board plans to train examiners and ensure the change is implemented consistently across banks under its oversight, while also working with other federal bank regulatory agencies to promote consistent practices.

Source: The Federal Reserve 

Banks will still need risk management practices

Despite the change, the Federal Reserve Board said it still expects banks to maintain strong risk management that complies with all laws and regulations.

The change is also not “intended to impact whether and how Board-supervised banks use the concept of reputational risk in their own risk management practices.”

The Federal Reserve defined reputational risk as the potential that negative publicity regarding an institution’s business practices, whether true or not, will cause a decline in the customer base, costly litigation, or revenue reductions.

A boon for crypto and banking

US Senator Cynthia Lummis said the aggressive reputation risk policies “assassinated American Bitcoin & digital asset businesses,” adding that “This is a win, but there is still more work to be done.”

Source: Cynthia Lummis

Rob Nichols, president and CEO of the banking lobby group the American Bankers Association, also applauded the decision in a statement, saying, “The change will make the supervisory process more transparent and consistent.”

“We have long believed banks should be able to make business decisions based on prudent risk management and the free market, not the individual perspectives of regulators,” he added.  

However, critics said eliminating reputational risk could obscure non-financial issues, impact bank stability, weaken oversight and potentially fuel riskier bank practices.

Regulators winding back crypto freeze out

Other regulators and oversight bodies in the US have started winding back crypto-related restrictions this year as well. 

Related: SEC crypto staking guidance ‘major step forward’ for US: Crypto Council

The US Office of the Comptroller of the Currency confirmed in May that banks under its jurisdiction can trade crypto on behalf of customers and outsource some crypto activities to third parties. 

The US Federal Deposit Insurance Corporation, an independent federal government agency, also said in a March letter that institutions under its oversight, including banks, can now engage in crypto-related activities without prior approval. 

Magazine: SEC’s U-turn on crypto leaves key questions unanswered



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June 24, 2025 0 comments
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Alarming Conditions and Federal Chaos Could Spell a Disastrous California Fire Season
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Alarming Conditions and Federal Chaos Could Spell a Disastrous California Fire Season

by admin June 23, 2025


Experts say California is primed for a brutal fire season. Sweeping changes to federal emergency management agencies could make matters worse.

In January, destructive wildfires devastated Los Angeles, killing at least 30 people and displacing hundreds of thousands more. As the city rebuilds, it may face a particularly brutal summer fire season, experts warn. 

Thanks to a potentially deadly combination of alarming environmental conditions and sweeping cuts to emergency response agencies, the outlook on California’s 2025 fire season is grim. With critical resources—particularly fire response personnel—drastically depleted, it’s unclear how the state will be able to manage what is shaping up to be an active season. 

“I am not confident in our ability to respond to wildfire [or] concurrent disasters this summer,” Daniel Swain, a climate scientist at the University of California Agriculture and Natural Resources, told Gizmodo. Unusually early mountain snowmelt, a very dry winter, and both current and projected above-average temperatures are the main factors likely to increase the frequency and intensity of California’s fires this year, he said. 

“Some aspects of fire season are predictable and some aspects are not. What ultimately happens will be a function of both of those things,” Swain said. “The most likely outcome is a very active fire season both in the lower elevations and also in the higher elevations this year.”

Brian Fennessy, chief of the Orange County Fire Authority (OCFA), agrees. “Every predictive service model indicates that Southern California will have an active peak fire year,” he told Gizmodo in an email. “Absent significant tropical influence that brings with it high humidity and potential precipitation, we expect the potential for large fires.”

Fire season sparks early

In a typical year in June, California is still pretty wet, Swain said. At higher elevations, snowpack continues to melt until July, keeping mountain soils moist. Meanwhile, lower elevations remain saturated from the state’s wet season, which generally lasts from winter to spring. But this is not a typical year. 

“Although the seasonal mountain snowpack was decently close to the long-term average…it melted much faster than average,” Swain said. When snowpack melts earlier, high-elevation soils dry out earlier, jumpstarting wildfire season in California’s mountain regions. “We’re about a month to a month-and-a-half ahead of schedule in terms of the drying in the mountains,” he explained. Because of this, the higher mountain forest fire risk is probably going to be “a lot higher” than usual by July, August, and September.

In California’s low-lying regions, which include most of the state’s area and population, experts are already seeing an uptick in fire activity. The reasons vary for different parts of the state, Swain said, but in Southern California, it’s due to a very dry winter. “We know this because we had the worst, most destructive fires on record in L.A. in January, which is usually the peak of the rainy season,” he explained. 

In low-lying, inland areas of Northern California, it’s been unseasonably hot for the past month. In addition to raising current fire risk, the above-average temperatures suggest the state is in for an incredibly hot summer, according to Swain. “To the extent that we have seasonal predictions, the one for this summer and early fall is screaming, ‘yikes—this looks like a very hot summer,’ potentially across most of the West,” he said. In fact, it could be among the warmest on record. 

Increased temperatures will make the landscape even drier—and thus more flammable—than it already is. But hot, dry conditions cannot spark a wildfire alone. Fires need fuel, and this year, there’s plenty of it to go around. Over the past several years, California’s low-elevation regions have received a lot of rain, allowing grasses to flourish, Swain said. As this vegetation continues to dry out, it could fuel fast-moving brush fires that can quickly engulf large areas.

All of this points to an active season not just in California, but across much of the West. The National Interagency Fire Center’s significant wildland fire potential outlook, which predicts wildfire risk across the U.S. from June through September, shows large swaths of the West with “above-normal” fire risk throughout the summer.

Still, scientists can’t forecast the timing, intensity, or exact location of future fires. The biggest question mark is ignition, according to Swain. The primary ignition sources for wildfire are lightning strikes and human activity, both of which are near-impossible to predict. “At a seasonal scale, we don’t know how many lightning events there’ll be, we don’t know how careful or uncareful people will be during these weather events, and that’s kind of the wild card,” he said.

Federal cuts add fuel to the fire

Since taking office in January, President Donald Trump has significantly reduced staff and proposed major budget cuts at multiple agencies that assist disaster response and recovery, including FEMA (the Federal Emergency Management Agency). According to the Associated Press, Trump plans to begin “phasing out” FEMA after hurricane season, which officially ends on November 30.

Disaster response is already locally led and state-managed, but FEMA is responsible for coordinating resources from federal agencies, providing direct assistance programs for households, and funding public infrastructure repairs, the AP reports. Dismantling this agency would shift the full burden of disaster recovery to the states, which Swain calls “a big concern.”

“Everybody I know in the emergency management world is tearing out their hair right now,” he said. “Our ability to do concurrent disaster management is severely degraded, and by all accounts, is going to get much worse in the next three or four months.”

The U.S. Forest Service has also taken a hit, losing 10% of its workforce as of mid-April, according to Politico. While the Department of Agriculture has said that none of the Forest Service’s “operational” wildland firefighters were fired, but the cuts did impact “thousands” of red card-holding federal employees, according to Swain. These employees are not official firefighters, but they are trained and certified to respond to wildfires in times of need. The cuts have also affected incident management teams who lead wildfire response and ensure the safety of firefighters on the ground, he said. 

“We lost both the infantry, if you will, and the generals in the wildland fire world,” Swain said. “Despite a number of claims to the contrary.”

What’s more, Trump recently ordered government officials to consolidate wildland firefighting forces—which are currently split among five agencies and two Cabinet departments—into a single force. He gave the Secretary of the Interior and the Secretary of Agriculture 90 days to comply, which means the shakeup would occur during California’s wildfire season. 

Swain thinks restructuring might be a good idea in the long run, but dismantling the organizational structure of wildland firefighting during the peak of what is expected to be a particularly severe fire season—with no specific plan to reconstitute it during said season—is not.

While Chief Fennessy described current federal disaster policy as a “big unknown,” he appears more optimistic about the consolidation. “It is believed that consolidating the five federal wildland fire agencies will achieve operational efficiencies and cost savings not realized in the past,” he said. 

The firefighters of the new U.S. Wildland Fire Service will be actively working together with the land management agencies to accomplish fire prevention, fuel mitigation, and prescribed fire goals, Fennessy said. “The consolidation represents an opportunity to significantly improve wildfire response nationally, statewide, and locally.”

Despite federal uncertainties and a troubling forecast, Fennessy said the OCFA is well-prepared for California’s fire season this year. “All of our firefighters just completed their annual refresher training and have been briefed on what to expect through the rest of the calendar year and perhaps beyond,” he said. 

Swain still has concerns. “Everybody involved is going to do their best, and there are going to be heroic efforts,” he said, adding that many firefighters will be putting in a lot of unpaid overtime and taking on even more stress and physical risk than usual this year. “Those are not the people we should be taking resources away from.”



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June 23, 2025 0 comments
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Federal Reserve Using Xrp For All Payments Fact Check
Crypto Trends

Federal Reserve Using XRP for All Payments: Fact Check

by admin June 19, 2025



Speculation in the crypto community has been going viral claiming the U.S. Federal Reserve is using Ripple’s XRP for all payments via its FedNow instant payment system. A viral post on X (formerly Twitter) by a user stated that the Federal Reserve is using Ripple’s XRP via FedNow payments system, Faste payments, and Volante cloud payments. The user declared, “Not a test. Not a rumour. 100% confirmed.”

While it’s true that Volante Technologies, a key partner in the FedNow pilot program, has integrated Ripple’s blockchain for cross-border payments, there is no official confirmation that the Federal Reserve is directly using XRP for all payments. Volante’s platform supports multiple technologies, including SWIFT, Ripple, and digital  currenciesproviding flexible back-end solutions for institutions.

FedNow, set to adopt the ISO 20022 messaging standard by July 14, represents a significant step toward modernising the U.S. payment infrastructure. The fact that Volante gets involved makes the idea of blockchain taking an increasing part in financial systems more credible. It is, however, speculative to tie this back to XRP as a global payment token.

The fact that the technology behind Ripple is integrated into the serious infrastructure is, indeed, an indicator of great momentum. However, until that time, the statement that XRP is being used to power all Federal Reserve payments is simply exaggerated and not yet formally proved.

Also Read: Canada’s XRP ETF Launch Sparks FOMO in U.S.



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June 19, 2025 0 comments
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