Federal Reserve to roll out ‘skinny master accounts’ this year as broader crypto rules remain in limbo, Fed Gov. Waller says

Federal Reserve Governor Christopher Waller stated that the central bank intends to introduce its proposal for "skinny master accounts" before the end of the year. These slimmed-down accounts would grant access to Fed payment systems but would exclude interest on balances and access to the discount window, unlike traditional master accounts. This move comes as legislative efforts to pass comprehensive cryptocurrency market structure regulation, often referred to as "Clarity," remain stalled in Washington D.C. Waller noted that the lack of regulatory clarity is causing disruption in the crypto world. He also commented on the fading euphoria surrounding crypto, linking recent price retracements in assets like Bitcoin to multi-month lows with a general market re-pricing of liquidity and rate outlook.

(Source：The Block)