The Federal Reserve has banned its senior officials from investing in cryptocurrency. “Officials covered by the new rules will have 12 months from the effective date of the rules to dispose of all impermissible holdings,” said the Federal Open Market Committee.
-via news.bitcoin.com
the announcement details, elaborated:
“Under the new rules, senior Federal Reserve officials are prohibited from … holding investments in individual bonds, agency securities, cryptocurrencies, commodities, or foreign currencies.”
The new rules apply to Reserve Bank presidents, board members, first vice-president, research directors, FOMC staff officers, the manager and deputy manager of the System Open Market Account, board division directors who regularly attend Committee meetings, any other individual designated by the chairman, and the spouses and minor children of these individuals.
I feel bad about the guys who won’t be able to invest into crypto even if they want too but I guess this is another way to regulate it for them
