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U.S. Fed’s Michael Barr to Step Down as Vice Chair for Supervision

Author: Content Editor
Michael Barr, the U.S. Federal Reserve's vice chair for supervision, is set to step down from his position on February 28, or earlier if a successor is confirmed. Barr will continue to serve as a member of the Federal Reserve Board of Governors. His decision to resign is seen as a way to avoid potential disputes with the incoming Trump administration. Barr's tenure had a mixed impact on the crypto industry, as he pushed for the Federal Reserve to regulate stablecoin issuers, which many Republican lawmakers opposed. Jaret Seiberg, a financial policy analyst at TD Cowen, views Barr's resignation as a concerning sign of the politicization of banking regulation. In the short term, Democrats will continue to have a majority at the Federal Reserve until early 2026, suggesting that Barr's resignation is unlikely to bring significant changes. If Trump wants to quickly nominate a successor, it is speculated that Michelle Bowman, a former Kansas banking commissioner critical of Barr's approach, could be a suitable candidate.

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