Deep Tide TechFlow News, February 10th, according to The Block, Federal Reserve Board Member Christopher Waller stated that the central bank plans to introduce a "Simplified Main Account" proposal by the end of 2026. This account will provide limited access to the U.S. payment system for non-traditional financial institutions but will not include features such as interest payments and discount window borrowing. Meanwhile, legislative progress on the Crypto Market Structure Act "Clarity" has stalled due to political disagreements. Waller pointed out that as Bitcoin has fallen from its all-time high of $126,000 to around $70,000, the crypto market "mania" triggered by the Trump administration's rise is waning.
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Deep Tide TechFlow News, February 10th, according to The Block, Federal Reserve Board Member Christopher Waller stated that the central bank plans to introduce a "Simplified Main Account" proposal by the end of 2026. This account will provide limited access to the U.S. payment system for non-traditional financial institutions but will not include features such as interest payments and discount window borrowing. Meanwhile, legislative progress on the Crypto Market Structure Act "Clarity" has stalled due to political disagreements. Waller pointed out that as Bitcoin has fallen from its all-time high of $126,000 to around $70,000, the crypto market "mania" triggered by the Trump administration's rise is waning.