Banks and Crypto Firms Pan Fed's Master Account Compromise

Also, Waller doesn't have a problem with stablecoin rewards; CFPB backers mark one-year anniversary of its dismantling; Financial Services Forum hires a general counsel

When the Fed floated the idea of giving crypto and fintech companies direct access to the U.S. payments system last fall, it was seeking a middle ground that would balance the upstarts’ demands with the banking industry’s adamant opposition. The compromise – a limited option known as a “skinny” master account – has everyone unhappy.

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