Fed Governor Waller Proposes "Skinny" Master Accounts to Embrace Financial Disruption

Federal Reserve Governor Christopher Waller announced the U.S. central bank will "embrace disruption" in financial services, proposing a new "skinny" master account system. This innovative approach would streamline access to Federal Reserve payment systems for fintech companies and crypto firms, potentially accelerating digital asset adoption and modernizing financial infrastructure. The proposal signals significant regulatory evolution that could benefit blockchain technology and cryptocurrency markets including Bitcoin BTC and Ethereum ETH.