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Waller Floats `Skinny' Account Plan to Give Fintech Firms Direct Access to Fed

Also, Pham isn't acting like she plans to leave CFTC anytime soon

Oct 21, 2025
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Fintech firms have long been clamoring for the ability to park money at the Fed, an exclusive privilege known as a “master account.” Banks already enjoy the option – and they adamantly oppose sharing it with less-regulated companies. The fight has grown so heated that when Congress passed the stablecoin bill this summer, lawmakers went out of their way …

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