Financial Regulation
Fed governor pitches limited master accounts at payments conference
Federal Reserve Governor Christopher Waller opened the central bank's first Payments Innovation Conference on October 21, 2025, pledging to embrace crypto and DeFi disruptions. He proposed exploring a 'skinny' version of master accounts to give payments innovators direct access to Fed payment rails. The event in Washington, D.C., aimed to foster dialogue between traditional financial players and new entrants.