Federal Reserve Governor Chris Waller voiced his support for digital asset innovations, including smart contracts and tokenization, during a speech at Jackson Hole on August 21, 2025. Waller argued that these technologies should not be feared and have the potential to revolutionize payment services. He acknowledged that digital assets have faced criticism but emphasized their transformative capabilities. Waller, appointed by President Trump in 2020, is a proponent of the digital asset industry and stablecoins. He noted the Federal Reserve's interest in exploring tokenization and smart contracts, though no commitment to adoption has been made. His comments align with those of Fed Vice Chair Michelle Bowman, who recently called for improved regulatory treatment of the industry.