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MildlyRugged

Pause new applications by the end of 2026? Those who get on the bus early will win big.

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MarsBitNews
The Federal Reserve is soliciting public comments on the "Lite Main Account" framework, proposing to allow cryptocurrency companies to access its payment system.
The Federal Reserve has issued a request for comments and proposed rules regarding payment accounts (i.e., "simplified main accounts"), allowing qualified fintech and crypto companies to access payment systems for clearing and settlement. This is the next step in the implementation process of payment accounts, driven by Board member Christopher Waller, following the public consultation in February. The Federal Reserve also recommends that regional Federal Reserve Banks suspend processing new "Tier 3" main account access requests by December 2026 to enhance system consistency once the final framework is established.
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