Federal Reserve Vice Chair for Supervision Michelle Bowman has proposed that Fed staff be permitted to hold small amounts of cryptocurrencies. Announced on August 19, 2025, in Wyoming, this initiative aims to enhance regulatory insights by providing staff with direct exposure to crypto markets. The proposal marks a potential shift towards a more open regulatory stance. Despite the announcement, market reactions have been muted, with no significant changes in crypto prices or trading volumes. Industry leaders have yet to formally respond to Bowman's comments. Historically, allowing regulatory staff to hold assets is rare among global financial bodies due to conflict of interest concerns.