The Federal Reserve seeks comments on a "streamlined master account" framework, proposing to allow crypto companies access to its payment system.

ChainCatcher reported that crypto journalist Eleanor Terrett disclosed that the Federal Reserve has issued a notice of proposed rulemaking and request for comment regarding payment accounts (also known as "streamlined master accounts"), allowing eligible fintech and crypto companies to access the Federal Reserve's payment system for clearing and settlement. This marks the next official step in the implementation process for payment accounts by Federal Reserve Governor Christopher Waller, following the conclusion of the public comment period in February. The Federal Reserve also encourages regional Federal Reserve Banks to pause processing new "Tier 3" master account access requests (most crypto companies fall into this category) until December 2026, in order to enhance system consistency while the framework is finalized.