Crypto In America Exclusive Interview at The Federal Reserve | Crypto Innovation, Stablecoin Regulation & Bitcoin
9 snips
Oct 22, 2025 
In this engaging talk, Christopher Waller, Federal Reserve Governor and payments oversight lead, shares insights from the Fed's Payments Innovation Conference. He discusses his potential candidacy for Fed Chair and explains the 'Skinny Master Account' proposal designed to streamline access for firms. Waller emphasizes the balance between protecting the banking system and promoting stablecoins, while also addressing the future of credit card rewards vs. stablecoin yields. Lastly, he views Bitcoin as a digital gold, highlighting a cultural shift towards cooperation between traditional finance and cryptocurrency.
AI Snips
Chapters
Transcript
Episode notes
Tailored 'Skinny' Master Accounts
- The Fed can tailor master-account features to match a bank charter's risk profile instead of one-size-fits-all access.
- Waller proposed capped, non-interest, no-overdraft 'skinny' accounts to limit Fed exposure while enabling payment access.
Collect Feedback And Solve Tech Early
- Seek industry feedback and resolve technical limits early to move prototypes to practice within a year.
- Waller urged the Fed to evaluate monitoring, caps, and overnight handling before rolling out the design.
Front Door For Payment Firms
- Waller wants firms to come in the 'front door' with clear payment goals rather than manipulating charters to gain bank-like access.
- He prefers a simple payment account model and incremental expansion after proving compliance.