Waller’s “skinny” master account proposal could let compliant crypto firms access Fed rails directly, eliminating bank-partner friction while raising concerns about commercial-bank disintermediation.
Federal Reserve Governor Christopher Waller proposed a new payment account on Oct. 21 that would grant stablecoin issuers and crypto firms direct access to Fed payment rails without full master account privileges.
The announcement at the Fed’s inaugu… [5565 chars]
Source: CryptoSlate | Published: 2025-10-25T18:00:42Z
Credit: CryptoSlate
