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The Vice Chairman of the Federal Reserve suggests allowing staff to hold a small amount of cryptocurrency

2025-08-20 03:30:36
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ChainCatcher news, according to Jin10, Federal Reserve Vice Chair for Supervision Michael Barr suggested that Federal Reserve staff should be allowed to hold a small amount of crypto products, believing this would help them better regulate financial markets. She stated that relaxing restrictions on employee investments could aid in recruiting and retaining professional bank examiners, emphasizing that "nothing can replace hands-on experience." Barr spoke at a cryptocurrency conference in Wyoming but did not disclose specific amounts or types of holdings.

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