Deep Tide TechFlow News, May 21, According to Cointelegraph, the Federal Reserve has proposed establishing a limited payment account framework, aiming to provide a narrower scope of payment system access to legally qualified fintech companies and banks related to cryptocurrencies; at the same time, it is recommended that regional Federal Reserve banks temporarily suspend decisions on Tier 3 account access applications until rulemaking is completed, with an expected end date no later than December 31, 2026. These accounts are only for clearing and settlement, do not accrue interest, and do not offer central bank tools such as discount windows or intraday credit. According to the plan, cryptocurrency exchanges still cannot directly access the Federal Reserve main account and must connect through affiliated entities of deposit institutions qualified under the Federal Reserve Act.