Crypto Goes Mainstream: Fed Governor Admits Bitcoin is Now Part of the Financial Fabric

Federal Reserve Governor Christopher Waller stated that crypto has become integrated into the payment and financial system, marking a notable shift in regulatory perspective.

This acknowledgment comes as institutional adoption accelerates and Bitcoin’s market capitalization reaches levels that place its pseudonymous creator among the world’s wealthiest individuals.

Waller’s comments represent a departure from the cautious stance US regulators have historically maintained toward digital assets.

Historically, the Federal Reserve has approached cryptocurrencies with skepticism. Concerns have centered on volatility, illicit finance risks, and consumer protection.

The governor’s characterization of cryptocurrency as woven into the financial system’s fabric suggests recognition of its established presence rather than endorsement. This assessment reflects the reality that major financial institutions now offer cryptocurrency custody services, trading desks, and investment products.