The U.S. financial regulatory policy may face a significant turning point. Federal Reserve Board of Governors member Bowman recently made thought-provoking remarks, pointing out that the banking industry and regulatory agencies must recognize and embrace the value of emerging technologies such as artificial intelligence and crypto assets. She warned that if they cannot adapt to this trend, financial institutions may lose their important position in the economy.

Baumann emphasized that ideally, regulatory agencies should allow these innovative technologies to thrive under the premise of benefiting the banking system. She pointed out that if traditional thinking patterns are adhered to, the banking system may face the risk of being disconnected from consumers, businesses, and even the entire economy.

What is more striking is that Bowman actively calls on the industry to participate to help regulators gain a deeper understanding of the nature of blockchain and digital assets, and to explore the potential applications of these technologies in combating financial fraud. She also hinted that regulators may ease their scrutiny of reputational risks, and new regulatory rules are in the works.

Bowman's comments have been interpreted by the market as a significant signal of the Fed's shift in attitude towards the regulation of new technologies. This potential policy adjustment could clear obstacles for artificial intelligence and Crypto Assets to integrate more deeply into the mainstream financial system, opening up new avenues for the development of financial technology.

With the potential shift in regulatory attitudes, both fintech companies and traditional financial institutions will face new opportunities and challenges. The industry generally believes that if the Federal Reserve truly adopts a more open regulatory approach, it will greatly promote financial innovation and drive the entire sector forward.

However, experts also remind that while embracing new technologies, regulatory agencies must remain vigilant to ensure the stability and security of the financial system. Achieving a balance between encouraging innovation and preventing risks will be an important issue faced by the Fed and other regulatory agencies.

Overall, Bowman’s speech has injected a shot of adrenaline into the future development of financial technology and brought new expectations to the market. We will closely monitor the specific policy measures of the Fed and how these possible changes will affect the landscape of the financial industry.