US Fed official: Staff should be allowed to hold a little crypto

The Federal Reserve vice chair for supervision, Michelle Bowman, said the central bank should roll back its restrictions that ban staff from buying crypto.

The Federal Reserve’s top regulatory official said staff from the US central bank should be allowed to invest a small amount in crypto to help them understand the technology.

Fed Vice Chair for Supervision Michelle Bowman said at a blockchain event in Wyoming on Tuesday that the regulator should consider allowing its staff to hold minimal “amounts of crypto or other types of digital assets so they can achieve a working understanding of the underlying functionality.”

She said, “We will soon be establishing a framework for supervising issuers of these assets,” adding:

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