Remove Consumer Protection Remove FDIC Remove Master Account
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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

now takes a step toward embracing crypto by fostering a holistic approach that balances innovation with consumer protection. One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts.

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President Trump issues Executive Order on digital assets

The Payments Association

the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’