Author: Zhao Yuhe, Wall Street Insights
Ahead of the Jackson Hole Global Central Bank Conference, the crypto industry held a blockchain seminar in Jackson Hole, attended by high-ranking officials from the Federal Reserve, SEC, and Donald Trump's son. Christopher Waller, a Federal Reserve governor appointed by President Trump and one of the leading candidates for the next Federal Reserve Chair, spoke at the meeting on Wednesday, calling for embracing the "technology-driven revolution" occurring in the field of artificial intelligence and stablecoins, believing that this can drive the development of the U.S. economy.
Waller stated in his speech that digital asset innovation "is not scary" and that the payment system is undergoing a "technology-driven revolution". The latest advancements in computing power, data processing, and distributed networks are giving rise to many innovative payment services.
> "There is nothing to fear when thinking about smart contracts, tokenization, or distributed ledgers."
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> "We today