Fed Reserve Bank Reveals Its Big Concerns About Granting Crypto Firms Accounts

Also, Texas names (and shames) financial companies on its ESG hit list; Bond comes up short in run for Congress

The Fed’s announcement last week that it had set a formal process for granting fintech firms access to its coveted payment system was met with cautious optimism by the crypto industry – firms saw the move as a pathway to secure a valuable credential that will let them better compete with banks. Far less noticed, however, was a legal brief one of the Fed…