Fed seeks input on expanding master account access following Trump’s executive order
The Block
The Federal Reserve is requesting public feedback on a proposal to grant crypto firms limited access to its clearing and settlement systems.Summary
The U.S. Federal Reserve has opened a public comment period regarding a new payment account structure that could permit non-federally insured institutions, including crypto firms, to access core payment rails. This move aligns with a recent executive order from President Donald Trump aimed at integrating digital assets into traditional financial services. While the proposed "master accounts" would offer firms direct connectivity, they would exclude features like intraday credit or discount window access. Concurrently, the Fed has requested that Reserve Banks pause application decisions for Tier 3 institutions while it finalizes this regulatory framework.
(Source：The Block)