According to Foresight News , citing The Block, Federal Reserve Governor Waller stated at an event hosted by the Global Interdependence Center that the Fed plans to launch a simplified version of the Skinny Master Account by the end of this year. This simplified version of the Fed's master account will allow compliant institutions direct access to the Fed's payment system. Such accounts will not offer interest on balances and will not allow borrowing through the discount window. Furthermore, due to the stalled legislative process for the Claritism Act regarding the structure of the crypto market, market regulation remains uncertain. In the absence of a clear legal framework, the crypto industry is facing some volatility and disruption.
Federal Reserve Governor Waller: Plans to launch a streamlined managed account by the end of this year
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