Fed Dey Move To Ease Crypto Regulation Wit Staff Holdings
Fed Vice Chair for Supervision Michelle Bowman don propose make Federal Reserve workers and their padi dem fit hold small small cryptocurrency. She talk say make dem get hands-on crypto regulation experience na beta way for dem wey dey oversee to sabi blockchain, how ownership and transfer dey work. Right now, strong ban on crypto holding and exchange-traded products dey block recruitment and knowledge growth. Since June, Fed don also soft bank crypto rules by stop special supervision and remove “reputation risk” from exam check. Bowman dey warn say if dem too cautious, e fit stop regulators from sabi how dem go take build future blockchain-based financial systems. Her position na one policy change wey mean say dem wan make practical digital asset experience join central oversight.
Bullish
Bowman proposal dey show say dem wan make crypto regulation open and sabi well well by giving regulators chance to get hands-on experience. Make dem ease internal bans and relax bank oversight go reduce policy wahala. For short term, e fit boost traders confidence say regulatory clarity fit show. For long term, mix digital assets experience inside central bank oversight fit break down institutional barrier, encourage more people to join market plus innovation.