BlockBeats News, June 22nd, according to NBC citing a statement from Alan Greenspan's wife, former Federal Reserve Chairman Alan Greenspan passed away on June 22nd at the age of 100.

Greenspan is one of the longest-serving Federal Reserve Chairmen in American history, having served continuously as the Fed Chair from 1987 to 2006 for a total of 18 years, spanning the presidencies of Reagan, H.W. Bush, Clinton, and W. Bush. He was known for his fight against inflation and maintaining financial stability. In the 1990s, he led a decade-long economic expansion in the United States, earning him the nickname "Maestro of the Economy."

However, Greenspan's historical legacy remains controversial. His long-standing advocacy for financial deregulation and maintaining a low-interest-rate policy is seen by many economists as a key factor contributing to the 2008 global financial crisis. The bursting of the U.S. housing bubble and the subprime mortgage crisis at that time triggered a global financial tsunami. Greenspan himself rare admitted during a 2008 congressional hearing that there were "flaws" in his belief in market self-regulation, a statement that shocked Wall Street.

Greenspan's passing marks the end of an era for a figure who shaped the modern global financial system.