Federal Reserve Vice Chairman Jefferson has stated that the rise of digital assets, including cryptocurrencies, is a natural part of financial innovation within the U.S. financial system. He emphasized that the Federal Reserve's regulations neither promote nor restrict the use of cryptocurrencies, leaving such decisions to the private sector. Jefferson assured that as long as the Federal Reserve's policies align with the needs of businesses and households, the emergence of cryptocurrencies will not compromise the Fed's ability to conduct monetary policy effectively.