Top Fed Banking Regulator Considers Allowing Staff to Own Crypto

The Federal Reserve’s Vice Chair for Supervision is hinting at a possible policy shift regarding employee ownership of cryptocurrencies. Michael Barr, at a recent gathering, raised the prospect of revising the regulations surrounding employee investment in digital assets. Barr emphasized the need to uphold the integrity and impartiality of Federal Reserve staff, while also acknowledging the evolving nature of the cryptocurrency market. Any policy change would require careful assessment of potential risks and the establishment of safeguards to prevent conflicts of interest. The outcome will hinge on a thorough evaluation of the regulatory and ethical considerations.