Michelle Bowman, Vice Chair for Supervision at the Federal Reserve (Fed), advocates for allowing staff access to cryptocurrencies. She argues that banning employees from owning such assets hinders their understanding of blockchain technology and prevents them from learning directly about its practical aspects. Her suggestion is to implement limited ownership to allow examiners to engage with wallets, transfers, and custody more effectively. 🎤 Bowman emphasizes the need for regulators to be more open to new financial technologies rather than remaining defensive towards innovation in this space. The Fed’s stance on crypto reflects a shift in Washington as President Trump recently signaled support for digital assets, pushing back against prior regulatory approaches that were less friendly towards cryptocurrency firms.