THE FED JUST OPENED THE DOOR TO CRYPTO

Summary from the TLDR Crypto newsletter

Federal Reserve Governor Christopher Waller declared that crypto and distributed ledgers are now “woven into the fabric” of US finance, signaling a major policy shift toward embracing digital assets. The central bank is entering “a new era” where DeFi innovators are welcome to shape the future of payments instead of being sidelined. Waller proposed a “skinny master account”, a limited-access payment account for fintechs and crypto firms that would connect directly to Fed payment rails without full banking privileges. The move reflects the Fed's broader retreat from anti-crypto stances and could open the door for regulated blockchain-native payment systems to plug directly into US monetary infrastructure.