Who gets a direct line to the Fed? Congress weighs risks of Fed 'skinny accounts' for crypto and fintech firms
Who gets a direct line to the Fed? Congress weighs risks of Fed 'skinny accounts' for crypto and fintech firms
On Wednesday, during a House Financial Services Committee hearing to discuss the changing role of banks and fintechs, particularly a new idea from the Federal Reserve that would allow certain crypto-focused banks to have direct access to the central bank.“Access to the Federal Reserve payment system is not a small issue,” said Rep. Dan Meuser during the hearing.
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