Federal Reserve Governor Christopher Waller has publicly endorsed the role of cryptocurrencies, including Bitcoin, stablecoins, and decentralized finance (DeFi), in transforming the U.S. payments system. Speaking at the Wyoming Blockchain Symposium and in the context of the Federal Open Market Committee (FOMC) discussions, Waller described these technologies as part of a "payments revolution" and urged policymakers and bankers to embrace the innovation they bring. He emphasized that there is "nothing to be afraid of" in using crypto payments outside the traditional banking system, characterizing them as new and potentially better technology. Stablecoins were notably mentioned multiple times in the July FOMC minutes, underscoring their growing importance in financial discussions. Waller’s remarks signal a shift in the Federal Reserve’s stance toward digital currencies, highlighting their potential to drive the next wave of innovation in the U.S. economy.