In brief
- Fed Vice Chair for Supervision Michelle Bowman said staff should be allowed to hold small amounts of crypto to gain practical understanding.
- Her remarks emphasized blockchain’s potential to reduce friction in asset transfers and called for legal frameworks to evolve in parallel.
- Legal experts say her comments mark a regulatory shift, though some warn staff holdings could pose conflict-of-interest risks.
Federal Reserve Vice Chair for Supervision, Michelle Bowman, told a crypto conference in Jackson Hole on Tuesday that she favors allowing central bank staff to hold small amounts of crypto, an idea that, if formally proposed, could alter the Fed’s internal rules and spur debate over how the institution engages with digital…
Aug 20 2025
