The new innovation officer of the Fed previously led encryption operations and may promote the development of Digital Money.

Recently, news has emerged that Sunayna Tuteja, the former head of digital assets at a large financial service company, will take on the role of Chief Innovation Officer at the Fed. She is expected to start her new position this month.

Ms. Tuteja has been with the financial service company since 2014, primarily responsible for work in the emerging technology sector, serving as the head of digital assets and distributed ledger technology. During her tenure, she led the company's cryptocurrency team, developing multiple cryptocurrency-related products for the company and establishing extensive partnerships in the blockchain and cryptocurrency fields. Currently, the company offers Bitcoin futures trading services and has invested in a cryptocurrency exchange.

As a well-known figure in the industry, Tuteja has discussed the trends of Bitcoin investment and decentralized finance on multiple occasions in public. She has publicly stated that she is a supporter of Bitcoin and has expressed her admiration for the Bitcoin community on social media.

At the same time, Fed Chairman Powell recently emphasized that assessing the risks of stablecoins has become one of the key tasks of the Fed. U.S. Treasury Secretary Yellen also encouraged the Fed to continue its in-depth research on central bank digital currencies. These trends indicate that U.S. regulators are closely monitoring and actively responding to the opportunities and challenges presented by digital currency.

The appointment of Tuteja may signal new initiatives from the Fed in digital innovation, particularly in the fields of cryptocurrency and blockchain technology. Her extensive industry experience and deep understanding of emerging financial technologies are expected to provide valuable insights and guidance to the Fed in this rapidly evolving area.