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Fed's Bowman suggests allowing central bank staff to own small amounts of crypto products
The Federal Reserve's top regulatory official suggested on Tuesday that central bank staff should be permitted to own small amounts of crypto products, arguing experience would better inform their work policing activities in those financial markets. Fed Vice Chair for Supervision Michelle Bowman said easing restrictions on staff investments may also help recruit and retain expert bank examiners, and "de minimus" holdings of crypto and other digital assets would help staff develop a working understanding of those products. "There’s no replacement for experimenting and understanding how that ownership and transfer ... (full story)
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