Recently, news about the Fed possibly allowing its employees to hold Crypto Assets has garnered widespread follow in the financial sector. Federal Reserve Board of Governors member Bowman stated that Central Bank employees should be allowed to hold a small amount of Crypto Assets to enhance regulatory capabilities. This statement is interpreted as a significant shift in the Fed's attitude towards Crypto Assets.



As a key player in global monetary policy, the Fed's potential policy change is significant. In recent years, the Fed's attitude towards Crypto Assets has been inconsistent. In 2022, Fed Chairman Powell described Bitcoin as a speculative asset, but by 2023, the Fed approved a Bitcoin spot ETF. Bowman’s latest proposal seems to indicate that regulators are reevaluating their stance.

This policy shift may indicate a transition in regulatory approaches from mere restrictions to deeper understanding and involvement. Allowing employees to hold Crypto Assets may enable regulators to better understand market operations, thereby formulating more practical policies. For instance, clearer compliance guidelines for Crypto Exchanges may be introduced in the future, replacing the existing stringent review model.

The market reacted positively to this news, believing it may signal a more lenient regulatory environment. Historical experience shows that changes in regulatory attitudes often lead to significant market fluctuations. For example, after the SEC approved the Bitcoin spot ETF in January 2024, the price of Bitcoin rose by 20% within a week. In November 2024, political statements also triggered a 9% increase in Bitcoin's price in a single day.

However, it should be noted that this is currently only a proposal and has not yet become official policy. Investors should take a cautious view and closely follow subsequent developments. In any case, this news has undoubtedly injected new vitality into the Crypto Assets market and provided new ideas for future regulatory directions.
BTC-2.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
CrossChainBreathervip
· 08-23 11:11
Bull leather This is the darkness before dawn.
View OriginalReply0
SnapshotDayLaborervip
· 08-22 04:02
The trick is too obvious, isn't it?
View OriginalReply0
MEVHunterXvip
· 08-20 15:49
Is there a limit on such a small amount of coin?
View OriginalReply0
ImpermanentSagevip
· 08-20 15:42
Drawing another pie again.
View OriginalReply0
GateUser-40edb63bvip
· 08-20 15:39
Favourable Information is here, encryption is soaring.
View OriginalReply0
DeFiGraylingvip
· 08-20 15:36
Isn't it really to Be Played for Suckers?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)