New Fed rule bans policy makers and senior staff from holding cryptocurrencies

The Federal Reserve stated that the Federal Open Market Committee unanimously adopted new restrictions on investments and transactions by policymakers and senior Fed officials; the new rules require each Fed governor to disclose financial transactions within 30 days; the new rules also prohibit the use of derivatives, short selling or buying securities on margin. The new rules prohibit Fed policymakers and senior staff from holding personal bonds, institutional securities, cryptocurrencies, commodities or foreign exchange.

The Federal Reserve stated that the Federal Open Market Committee unanimously adopted new restrictions on investments and transactions by policymakers and senior Fed officials; the new rules require each Fed governor to disclose financial transactions within 30 days; the new rules also prohibit the use of derivatives, short selling or buying securities on margin. The new rules prohibit Fed policymakers and senior staff from holding personal bonds, institutional securities, cryptocurrencies, commodities or foreign exchange.