🚨US Fed Moves Toward “Skinny Master Accounts” as Crypto Firms Like Ripple Eye Faster Payment System Access
💥The US Federal Reserve has asked for public comments on a new idea called “skinny master accounts,” which would give crypto and fintech companies limited access to the US payment system. These accounts would help firms like Ripple, Circle, Anchorage Digital, and Custodia Bank settle payments faster. However, they would not include full banking benefits like loans or interest. The goal is to support innovation while reducing risks to the financial system and keeping strong control over who can use the system
⭐At the same time, the Fed is slowing approvals for new crypto-related accounts until 2026 while it reviews the policy. Some lawmakers are also trying to limit access for crypto firms. Despite this, XRP and Ripple remain in focus, as better access to the Fed system could improve cross-border payments and support Ripple’s stable-coin and services. Market reaction has been mixed, with XRP showing small gains but weak trading activity overall $BANK $XRP $TAO
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