Congress Weighs Fed 'Skinny Accounts' for Crypto and Fintech Firms

Congress continued deliberations over whether crypto and fintech firms should receive access to a restricted form of Federal Reserve account, described as 'skinny accounts,' which would provide limited direct access to the Fed's payment and settlement infrastructure. The policy question was framed as determining the degree of banking integration available to non-bank crypto firms.

📈 Congressional debate over Fed master account access for crypto firms continued, with 'skinny accounts' as the specific vehicle under consideration.