🐋 The Federal Reserve is opening the door for non-bank financial institutions to access its payment systems directly.

Master accounts would let these firms settle transactions with the Fed, cutting out intermediaries and potentially making payments faster and cheaper.

The push is part of a broader modernization effort focused on speed, cost-efficiency, and security across U.S. financial infrastructure.

Meanwhile, new capital requirements for crypto firms holding skinny accounts are under public review.

Watch for ripple effects across fintech and crypto as the Fed rewrites who gets a seat at the core payment rail.

#CryptoNews #MarketUpdate #FedPayments