Michael Barr, the Federal Reserve's (Fed) vice chair of supervision, is set to step down at the end of February, according to a recent report. This departure comes amidst Barr's vocal advocacy for stricter regulation of stablecoins, a type of cryptocurrency pegged to the value of fiat currencies like the US dollar. Barr, a former aide to Senator Elizabeth Warren (D-Mass.), has been a vocal critic of cryptocurrencies and has pushed for banks to be barred from holding crypto assets. His resignation from the Fed's board of governors may signal a shift in the central bank's approach to regulating digital assets. The Fed's vice chair of supervision plays a key role in overseeing the financial system and ensuring its stability. Barr's departure could potentially impact the regulatory landscape for stablecoins and other cryptocurrencies, as the Fed considers new measures to mitigate potential risks associated with these assets.