Word on the street: Treasury Secretary Scott Bessent is reportedly preparing to introduce a new rule that would require Federal Reserve regional presidents to actually live in the districts they oversee—and not just for a quick photo op, but for a minimum of three years.

This move could shake up how the Fed's regional leadership operates. Currently, there's no strict residency mandate, which critics argue creates a disconnect between policymakers and the local economies they're supposed to represent. By forcing regional chiefs to plant roots in their territories, Bessent seems to be pushing for more accountability and ground-level insight into regional economic conditions.

Why does this matter beyond traditional finance? Fed policy directly influences interest rates, liquidity, and risk appetite across all asset classes—crypto included. When regional presidents have deeper ties to their districts, their policy recommendations might better reflect on-the-ground realities rather than abstract macro models. That could mean more nuanced monetary policy decisions that ripple through to digital assets.

Whether this proposal gains traction remains to be seen, but it signals a broader push toward reforming how America's central banking system functions at the grassroots level.