At the Wyoming Blockchain Symposium 2025, Federal Reserve Governor Christopher Waller described the payments system as being in the midst of a “technology-driven revolution,” arguing that the Federal Reserve should play an active role in that change. In his remarks, Waller pointed to 24/7 instant payments, digital wallets, mobile payment apps, stablecoins, other digital assets, and AI as key forces reshaping how payments are processed and improved. The broader context is a growing policy debate over how traditional financial infrastructure should adapt to blockchain-based systems and other digital-payment technologies. Waller’s speech also aligns with other Fed commentary from the same symposium period emphasizing tokenized money, interoperability, and the need for shared standards, reflecting concern that both public and private sectors must modernize to keep pace with innovation.

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