The U.S. Congressional Research Institute has raised policy issues such as allowing cryptocurrency companies to directly access the Federal Reserve's main account."
Online reports that the Congressional Research Service (CRS) has released a report on the Federal Reserve's policy issues, which covers cryptocurrency and digital currency topics and outlines some policy issues that Congress may want to consider, including whether cryptocurrency companies and other non-traditional companies with federal or state bank licenses should be granted direct access to the Federal Reserve's discount window and main account. It is reported that the Federal Reserve previously refused to provide the master account in a legal dispute with Custodia Bank. The Congressional Research Service is a government organization that outlines issues that Congress may wish to consider, and the report also covers other crypto issues, including bank participation in cryptocurrency business, stablecoins, and central bank digital currencies (CBDC).
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