Waller signals Fed’s shift toward embracing crypto, proposes ‘skinny master account’ for payment innovators — TradingView News
Federal Reserve Governor Christopher Waller says the central bank plan is entering a new era and cryptocurrency will “no longer be on the fringes” while rolling out a new prototype to expand central bank services.
“I wanted to send a message that this is a new era for the Federal Reserve in payments — the defi industry is not viewed with suspicion or scorn,” Waller said on Tuesday during the Fed’s Payments Innovation Conference. “Rather, today, you are welcomed to the conversation on the future of payments in the United States and on our home field — something that would have been unimaginable a few years ago.”
Distributed ledgers and crypto are increasingly being “woven into the fabric of the payment and financial systems,” Waller…
