Daily crypto world commentary: Fed officials advocate for relaxing regulations, promoting regulatory understanding through practical operations.

Fed Vice Chair Michelle Bowman stated at the Wyoming blockchain seminar that central bank employees should be allowed to hold a small amount of crypto coins to cultivate a deep understanding of the market and regulatory capabilities. She pointed out that relying solely on theory is not enough; practice is the real learning. Bowman compared this position to "learning to ski," emphasizing the importance of hands-on experience. At the same time, she suggested being keenly aware of the opportunities and risks brought by technological innovations and not to be "overly cautious" while strengthening regulation.