Fed’s limited master accounts put crypto and traditional banks at odds
A growing dispute over the Federal Reserve’s proposal for limited master accounts, dubbed “skinny master accounts,” is sparking tension between the crypto industry and traditional banking groups as regulators push toward clearer digital‑asset policy this year.
At the centre of the debate is a Federal Reserve initiative to offer a new class of accounts that would grant qualified fintech firms and crypto‑focused entities access to the central bank’s payment system, but with restrictions on interest earnings, liquidity services, and other privileges associated with full master accounts.
Federal Reserve Governor Christopher Waller confirmed the central bank’s upcoming introduction of its “skinny master account” plan…
