TechFlow, August 20 — According to Jinshi Data, Federal Reserve Governor Bowman stated that minimal holdings of cryptocurrency would help Fed staff better understand crypto products. Federal Reserve employees should be allowed to hold small amounts of crypto assets. Restrictions on investment activities by Fed staff could hinder the recruitment and retention of professional examiners.
In addition, Bowman called on the industry to help regulators gain a better understanding of blockchain and digital assets, as well as the potential of new technologies to address issues such as fraud. She also said she would seek to reduce regulatory scrutiny related to reputational risks, suggesting that new rules might be developed.
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