Crypto and the Fed: State of Crypto
Key takeaways
- This past week saw incremental, but potentially important steps.By Nikhilesh De May 24, 2026, 6:30 p.m. 4 min read Make preferred on U.S.
- President Donald Trump signed two executive orders this past Tuesday.
- The crypto industry's integration with the broader federal payments system is certainly a goal for the industry at large.
This past week saw incremental, but potentially important steps.By Nikhilesh De May 24, 2026, 6:30 p.m. 4 min read Make preferred on U.S. Federal Reserve headquarters in Washington (Jesse Hamilton/Coin Desk)The Federal Reserve published the latest version of its proposal to create a "skinny" master account, updating the proposal first published last December. In the same week, President Donald Trump signed an executive order directing the greater integration of digital assets with existing payment networks.
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U.S. President Donald Trump signed two executive orders this past Tuesday. One directed the broader government to update existing regulations to better integrate crypto into payment systems, while the other directed the Treasury Department and regulators to strengthen Bank Secrecy Act regulations. The next day, the Federal Reserve Board published its updated proposal for a skinny master account, laying out more detail about its approach to granting crypto firms access to its payment rails.