Federal Reserve Updates Simplified Master Account Proposal for Crypto Companies This Week

According to CoinDesk, the U.S. Federal Reserve Board this week updated its simplified master account proposal, enabling crypto companies to access payment channels without requiring Office of the Comptroller of the Currency bank charters. The update builds on an information request first issued in December 2025.

President Trump simultaneously signed two executive orders directing federal regulators to review policies for integrating digital assets into payment systems and strengthening Bank Secrecy Act enforcement. The orders also require the Federal Reserve to examine uninsured deposit institutions' payment account access arrangements and assess whether member banks can independently provide payment accounts to eligible entities.