Fed Proposes “Skinny Master Accounts” for Crypto and Fintech Firms According to crypto journalist Eleanor Terrett, the Federal Reserve has…
Fed Proposes “Skinny Master Accounts” for Crypto and Fintech Firms
According to crypto journalist Eleanor Terrett, the Federal Reserve has proposed a “skinny master account” framework that could allow eligible crypto and fintech firms to access the Fed’s payment system for clearing and settlement. The Fed also asked regional Reserve Banks to pause decisions on new Tier 3 account applications through December 2026 to promote consistency before the final framework is implemented. Most crypto firms are classified as Tier 3 institutions.
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