Federal Reserve Vice Chair Recommends Allowing Staff to Hold Small Amounts of Cryptocurrency
According to ChainCatcher, citing Jinshi News, Federal Reserve Vice Chair for Supervision, Michelle Bowman, has suggested that Fed staff should be allowed to hold small amounts of crypto assets, believing this would help them better oversee financial markets. She stated that easing investment restrictions for employees could assist in recruiting and retaining professional bank examiners, emphasizing that “there is no substitute for hands-on experience.” Bowman made these remarks at a cryptocurrency conference in Wyoming, but did not disclose specific amounts or types of holdings.
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