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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

’ against digital asset companies (see below, Other Key Developments in Crypto ) and the FRBs refusal to permit Custodia Bank to open a master account. Notably, US banking regulators (e.g.,