The Federal Reserve Board announced a conference on payments innovation, focusing on emerging technologies in U.S. payment systems. Governor Waller emphasized the importance of improving safety and efficiency in payments. The event will feature discussions on traditional and decentralized finance, stablecoins, AI in payments, and tokenization of financial products.

US Bank restarts Bitcoin custody service after a long pause. The conference will be livestreamed on the Federal Reserve’s website, with stablecoins and tokenization topics reflecting regulators’ view of digital assets as part of the payments system. Clarity and unified rules are needed for on-chain financing solutions to scale without fragmentation.

Federal Reserve Governor mentions nothing scary about crypto, emphasizing the need for explainable and testable regulatory rules. CFTC’s Crypto Sprint initiative assesses custody, leveraged trading, and consumer protections. The Fed’s conference announcement follows a joint SEC and CFTC statement clarifying the listing of certain spot crypto products on registered exchanges.

Read more at Yahoo Finance: US Fed to Host Payments Innovation Conference on Crypto and AI