The U.S. Senate has confirmed Michelle Bowman as the new Vice Chair for Supervision of the Federal Reserve, a position that is expected to bring significant changes to bank regulation. With an ambitious agenda outlined, Bowman aims to ease oversight and reform bank rules, while addressing the secret ratings of large financial institutions. Supporters laud her confirmation as a positive move for Wall Street and digital assets, while critics express concerns over her alignment with the financial industry’s interests. As the new supervisory chief, she will also potentially wield authority over cryptocurrency regulations.