Who gets a direct line to the Fed? Congress weighs risks of Fed ‘skinny accounts’ for crypto and fintech firms
The Block·
60-second summary
Congress weighs risks of Fed 'skinny accounts' for crypto and fintech firms, debating how much access those companies should have. The Fed is considering granting firms access to "skinny" accounts, which would provide a direct line to the central bank.
As the Fed considers granting firms access to "skinny" accounts, lawmakers debated how much access those companies should have.