Coinbase urges broader Fed payment account access and interest on balances

Coinbase reiterated its call for broader access to Federal Reserve payment accounts, interest payments on balances and supervision aligned with actual risk, Cointelegraph reported via its official X account. The stance follows the Fed’s release in December of last year of a proposal for so-called skinny master accounts, or payment accounts that certain financial institutions could use exclusively for payment processing. The accounts have been expected to make it easier for crypto firms to access the Fed’s payment system while reducing reliance on traditional bank intermediaries. Coinbase had made a similar argument in February.