According to Eleanor Terrett, Fed Governor Michelle Bowman, considered for vice chair for supervision, announced her intention to initiate an independent review of the March 2023 bank failures, including SVB, Silvergate, and Signature. This move could impact regulatory measures and influence market stability perceptions, potentially affecting cryptocurrency trading dynamics.

According to Eleanor Terrett, the upcoming nomination hearing for Fed Governor Michelle Bowman, Trump's pick to replace Michael Barr as the next Vice Chair for Supervision, is significant for the banking and crypto industries. Bowman's role will involve critical oversight affecting crypto regulation, potentially influencing market stability and regulatory compliance strategies for crypto traders.