In brief
- Federal Reserve Governor Christopher Waller proposed offering “skinny” master accounts to innovation-focused banks, granting them qualified access to Fed payment systems.
- These accounts would speed up access to the Fed’s services for crypto banks, but exclude benefits like earning interest or overdraft privileges. They could also include balance caps to manage risk.
- The move could open doors for crypto institutions nationwide, though some—like Custodia Bank’s Caitlin Long—warn that eligibility rules might still leave key players out.
A key decision leader at the Federal Reserve has proposed a new path to registration with the central bank Tuesday—one that could, for the first time, unlock coveted privileges for…
Oct 21 2025
