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Federal Reserve Initiates Public Comment Period on Payment Accounts for Fintech Firms on May 20

GateNews

2026-05-21 04:01:53

According to the Federal Reserve, on May 20, the central bank initiated a public comment period on a proposal to create payment accounts (also known as 'skinny master accounts') for qualified fintech and digital asset firms. These accounts would provide limited access to the Fed's payment system for settlement and clearance purposes. The Fed stated the new accounts are designed to support financial innovation while mitigating risks to its payment system.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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