Crypto and the Fed: State of Crypto
The Federal Reserve has updated its proposal for a 'skinny' master account to facilitate crypto firms' access to its payment systems. In parallel, President Trump signed executive orders aimed at integrating digital assets into existing payment networks and enhancing regulations under the Bank Secrecy Act. These developments signal a potential shift towards greater acceptance and regulation of cryptocurrency within the U.S. financial system.
- ▪The Federal Reserve published an updated proposal for a skinny master account to grant crypto firms access to payment rails.
- ▪President Trump signed executive orders to integrate digital assets with payment systems and strengthen Bank Secrecy Act regulations.
- ▪The Senate Banking Committee advanced the Clarity Act, which may address outstanding issues related to cryptocurrency regulation.
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| Original publisher | CoinDesk |
| Canonical URL | https://www.coindesk.com/policy/2026/05/24/crypto-and-the-fed-state-of-crypto |
| Publication time | Sun, 24 May 2026 18:30:00 +0000 |
| Retrieval time | 2026-05-24T18:37:33.812Z |
| Last seen | 2026-05-24T18:37:33.812Z |
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto and the Fed: State of Crypto This past week saw incremental, but potentially important steps.By Nikhilesh De May 24, 2026, 6:30 p.m. 4 min readMake preferred on U.S. Federal Reserve headquarters in Washington (Jesse Hamilton/CoinDesk)The Federal Reserve published the latest version of its proposal to create a "skinny" master account, updating the proposal first published last December. In the same week, President Donald Trump signed an executive order directing the greater integration of digital assets with existing payment networks.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CoinDesk.
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