Wu said that, according to crypto journalist Eleanor Terrett, the Federal Reserve has issued a notice seeking public comment and proposing rules for a "Lite Main Account," aiming to allow qualified fintech and crypto companies to access the Federal Reserve payment system for payment clearing and settlement.


The move is seen as the next formal step by Federal Reserve Board member Christopher Waller to promote a payment account framework, following the public consultation on related proposals that ended in February this year.
Meanwhile, the Federal Reserve also recommended that regional Federal Reserve banks temporarily suspend decisions on new Tier 3 main account access applications, at least until December 2026, to improve system consistency before the final framework is implemented.
Most crypto companies are classified as Tier 3 institutions.
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MempoolSparrow
· 2h ago
Temporarily suspend new Tier 3 applications, let old players secure their spots first, newcomers have to watch their expressions to get a share, classic move
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TransparentDome
· 2h ago
They won't set the tone for Tier 3 until the end of 2026, and compliance costs will take another two years to burn through. Can small institutions handle it?
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RouterWhisperer
· 2h ago
Fed's grading system makes it look like a game ranking; Tier 1 banks are the kings, and we're not even Diamond.
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0xNap
· 2h ago
If the simplified main account is truly activated, the efficiency of USDC reserve management can be improved to a new level. Looking forward to it.
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GateUser-b6d80ba0
· 2h ago
It's called seeking opinions, but Waller's framework has been in progress for a while; this time it's just going through the motions and formalities.
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雾里看TVL
· 2h ago
Payment clearing directly connected to Fed, if that happens, the wall between Crypto and traditional finance will be half broken down.
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TheBluePeony'sProphecy
· 2h ago
The fact that the crypto company is classified as Tier 3 already speaks volumes; in the eyes of regulators, we're still in the 'high risk' category.
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