Federal Reserve's Payments Regulation Faces Backlash from Crypto and Fintech
Friday, 6 February 2026, 11:47
Federal Reserve's Payments Regulation Under Fire
In recent comment letters to the Federal Reserve, numerous crypto and fintech stakeholders expressed strong concerns regarding the proposed 'skinny' master accounts. This initiative is viewed as overly restrictive and potentially detrimental to the industry's growth.
Key Concerns from Crypto and Fintech Sectors
- Limited Access: The 'skinny' accounts may prevent firms from accessing essential financial services.
- Dependency Issues: Critics argue that such accounts would force companies to rely heavily on traditional banking systems.
- Innovation Stifling: Participants in the crypto space warn that limiting access could hinder technological advancements.
Commenters are urging the Federal Reserve to revisit these proposals and aim for a framework that fosters inclusive financial innovation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.