Federal Reserve Proposes Payment Account That Could Open Fed Rails to Crypto Firms

May 21, 2026 - 17:30
Federal Reserve Proposes Payment Account That Could Open Fed Rails to Crypto Firms
The Federal Reserve has opened a 60-day public comment window on a proposal to create a specialized “payment account” that would give legally eligible non-bank financial institutions, including crypto-focused firms, direct access to its clearing and settlement infrastructure. The Board advanced the plan, building on a December 2025 request for information. It arrives one day...

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