What Are “Skinny” Master Accounts and Why Crypto Wants Them

[cryptoenthusiast]

Federal Reserve Governor Christopher Waller’s “skinny” master account proposal would allow crypto companies and payment-only banks to access Fed accounts with restrictions, avoiding the regulatory burden of full bank charters.

Supporters say the move could neutralize Operation Chokepoint 2.0, a term used to describe alleged efforts to cut crypto firms off from banking. Venture capitalist Marc Andreessen previously claimed more than 30 tech founders were debanked under the practice.

The proposal reflects a broader regulatory shift, as US policymakers increasingly view crypto and fintech as necessary upgrades to the nation’s payment system.

[JanEmil]

In 5 years we are full integrated I think.