🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your
#Fed Chair Contender Bowman On Crypto# A Vision That Pushes the Boundaries of Tradition: Michelle Bowman’s Bold Stance on Crypto
Michelle Bowman, Vice Chair for Supervision at the U.S. Federal Reserve, made waves in the crypto world with her speech at the Blockchain Symposium in Wyoming. Advocating for Fed personnel to be allowed to hold small amounts of crypto assets, Bowman emphasized that regulation must be shaped through direct experience.
"Without experience, oversight falls short"
Bowman stated, “I wouldn’t want someone who’s never skied to teach me how to ski—no matter how many books they’ve read,” underscoring that the best way to understand crypto is through hands-on engagement. Her remarks challenge the longstanding ban on crypto investments by Fed employees, marking one of the first high-level critiques of the policy.
The Future of Regulation: A Framework Shaped by Experience
Bowman argued that owning crypto assets is not just about personal education—it’s an opportunity for the Fed to cultivate more capable and informed supervisors. “We must understand and embrace new technologies. Otherwise, the traditional system will lag behind digital transformation,” she said, criticizing regulators’ overly cautious stance.
Integrating Blockchain into the Banking System
Bowman also highlighted how technologies like tokenization could streamline ownership transfers and boost efficiency in banking. Her statements signal a potential shift toward a more inclusive and innovative regulatory era for the crypto sector.