The Federal Reserve is considering allowing its employees a limited investment in cryptocurrency, claiming this would enhance their grasp of the technology. Fed Vice Chair for Supervision Michelle Bowman advocated for this move at a Wyoming blockchain event on Tuesday. She argued that permitting small-scale crypto investments could provide valuable first-hand experience with how these assets function and transfer. This proposal follows a 2022 crackdown on staff investment in cryptocurrency, prompted by concerns over trading activity involving three top Fed officials. The push is aimed at attracting and retaining skilled examiners proficient in understanding blockchain technology’s evolving landscape. Bowman argues this change would foster better recruitment, rulemaking, and technological adaptation within the financial sector, as she believes the current investment restrictions act as a barrier to innovation.