Federal Reserve Staff Could Hold Small Amounts of Crypto, Proposal Aims to Enhance Regulatory Understanding

Michelle Bowman, Vice Chair for Supervision at the Federal Reserve, proposed allowing staff limited crypto holdings to gain a deeper understanding of cryptocurrency markets. This proposal reflects a potential shift towards a more open regulatory approach with minimal immediate market impact. While no direct intervention has been announced, Bowman’s suggestion suggests a long-term change in how the Fed oversees the crypto sector. This move aims to enhance staff expertise by providing firsthand exposure to the digital asset landscape. )