Uh Oh: Fed Hires a Chief Innovation Officer

Sunayna Tuteja

Sunayna Tuteja has been appointed as the Federal Reserve System’s chief innovation officer, a new role at the central bank.

This may not be a good sign for cryptocurrencies. 

Prior to joining the Fed, she was managing Director, Head of Digital Assets & DLT (Blockchain, Crypto).

You can be sure she wasn't brought into the Fed to help promote bitcoin or ethereum.

This is another indication that the Fed is getting serious about launching a Fedcoin.

“She will be collaborating with business and technology leaders to formulate an agenda that advances technology research and leverages the great innovation work already underway across the Fed,” said Federal Reserve Chief Information Officer Ghada Ijam.

Ahem.

Tuteja will be a senior vice president in the Fed’s National IT organization.

-RW

(ht Chris Clark)