Federal Reserve Governor Michelle Bowman recently proposed that moderately relaxing restrictions on employees holding cryptocurrencies would help enhance regulatory agencies' awareness and understanding of crypto products. She pointed out that the current compliance policies prohibiting financial regulators from investing in cryptocurrencies are overly stringent and may hinder institutions from attracting and retaining professionals skilled in this field.

Bowman suggested that employees should be allowed to hold 'very small amounts' of cryptocurrencies, which would not create conflicts of interest while enabling them to gain a deeper understanding of crypto assets and their market dynamics through practical participation. This approach would not only strengthen the expertise of the regulatory team but also improve the relevance and effectiveness of policy formulation, thus achieving a more reasonable balance between risk prevention and innovation support.

She emphasized that in the context of the rapid development of digital currencies and blockchain technology, regulatory agencies must possess matching expertise and insights. Properly adjusting compliance requirements not only aligns with the demands of real-world development but also helps maintain the attractiveness of regulatory agencies in the talent competition.