$ETH

ETHUSDT

Perp

2,985.01

+2.21%

🚨Fed Pushing Ahead With 'Skinny' Master Account Plan for Crypto Banks

👉The Federal Reserve is moving forward with an initiative to offer a more attainable version of its coveted master accounts for crypto banks—and is now asking for public comment on the plan.

In October, Fed Governor Christopher J. Waller first floated the idea of a “skinny” master account for innovation-focused banks. Master accounts are required to operate a bank nationally, and permit an institution to access the Fed’s paymental rails.#WriteToEarnUpgrade