Fed Proposes Allowing Employees to Hold Small Amounts of Cryptocurrency

A new proposal from U.S. Federal Reserve Governor Michele Bowman suggests a significant shift in the way the central bank approaches cryptocurrency: allowing Fed employees limited exposure to digital assets. The aim is not only to understand the technology behind crypto, but also to enhance the Fed’s ability to navigate the rapidly evolving landscape of digital assets. Governor Bowman argued that firsthand experience with crypto will lead to a deeper understanding and better policymaking in this new financial realm.