A pro-bitcoin digital asset director from TD Ameritrade has been named chief innovation officer of the Federal Reserve Systems. This is “a new role in which it will make efforts to identify, research, enable, and advocate for new technologies,” the Fed stated.
The Fed’s new Chief Innovation Officer is Pro-Bitcoin
The Richmond Federal Reserve Bank serves as the hub for the Federal Reserve’s corporate IT organization. This nationwide team provides technology solutions and support across the Federal Reserve System and Board of Governors. The Richmond Fed announced on Monday:
Sunayna Tuteja has been named Chief Innovation Officer of the Federal Reserve System.
The announcement states that this is a new role and Tuteja will “make efforts to identify, explore, enable and advocate new technologies while fostering a culture of innovation, collaboration and experimentation”. The appointment took effect on February 22nd.
Prior to joining the Fed, Tuteja worked at TD Ameritrade, one of the largest online brokers in the United States, where she was head of digital assets. Previously, she was also Head of Strategic Partnerships and Emerging Technologies and Head of Digital Strategy, Experience and Innovation in the company.
The crypto community sees Tuteja’s appointment as bullish. Jake Chervinsky, attorney, said: “Continuation of the trend that leadership roles in government are filled by extremely talented people with deep crypto knowledge and experience.” Bitcoin cop Mike Novogratz congratulated Tuteja and tweeted: “This is a big deal.”
Tuteja shared her thoughts on Bitcoin and its supporters in a series of tweets on December 16, 2020. The former head of digital assets at TD Ameritrade wrote:
[The] What I admire most about the Bitcoin community is its resilience. Sheer amount of shadow and glee directed against Bitcoin and the community over the years is enough to get anyone curled up in a ball.
“But like Bitcoin, this is a community that bounces back on its feet every time it’s written off and bounces back stronger after being stress-tested in expected and unexpected ways,” she continued. “I’m sure there will be many twists and turns that we will have to adjust and kill … but for today, take a moment and enjoy the power of this movement.”
What do you think of the Fed’s appointment of a pro-Bitcoin chief innovation officer? Let us know in the comments below.
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