Fed Plans Streamlined Master Account by Year-End as Crypto Legislation Stalls

The Federal Reserve plans to introduce a streamlined master account by year-end, Governor Christopher Waller said on February 10, according to BlockBeats. The account would carry clear limits, including no interest on balances and no borrowing via the discount window. Waller noted public comments revealed disagreements between the crypto industry and community banks over whether nontraditional firms should access parts of the system, and said the Fed still needs to work through these issues but aims to implement within the year if conditions allow. He added that data show bitcoin rose to about 12.6 万美元 last year and has fallen toward 7 万美元.