Federal Reserve vice chair for supervision, Michelle Bowman, has suggested that the central bank should allow its staff to invest in small amounts of cryptocurrencies to improve their understanding of the technology. At a blockchain event in Wyoming, she stated that allowing staff to hold minimal amounts of crypto could help in gaining practical knowledge about the ownership and transfer processes involved. Currently, most Federal Reserve employees and their spouses are prohibited from owning crypto or related products following tightened investment rules implemented in early 2022. Bowman emphasized that the restrictions may hinder the recruitment and retention of staff with essential skills in this area. She called for a shift in the regulatory approach, advocating for an embrace of technological advancements instead of an overly cautious mindset. Bowman acknowledged that while there are risks associated with adopting new technology, the potential benefits warrant consideration. Her comments align with a broader trend of increasingly crypto-friendly regulatory remarks following the Trump administration's earlier actions regarding digital assets.

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