The Federal Reserve is seeking feedback on the "streamlined master account" framework, proposing to allow cryptocurrency companies to access its payment system
By: rootdata|2026/05/21 08:42:06
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Crypto journalist Eleanor Terrett revealed that the Federal Reserve has issued a notice for public comment and proposed rulemaking regarding payment accounts (i.e., "streamlined master accounts"), allowing eligible fintech and crypto companies to access the Federal Reserve's payment system for clearing and settlement. This is the next formal action following the end of the public comment period in February and the implementation process of payment accounts by Federal Reserve Governor Christopher Waller.
The Federal Reserve also encourages regional Federal Reserve Banks to suspend processing new "Tier 3" master account access requests (most crypto companies fall into this category) until December 2026 to enhance system consistency while finalizing the framework.
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