The Federal Reserve plans to launch a "simplified main account" within the year, while progress on crypto regulations stalls

CycleProphet · 2026-02-10T00:25:27+00:00

Federal Reserve Board member Waller stated that a "simplified main account" will be launched by the end of 2026 to allow non-traditional financial institutions access to the U.S. payment system, but it will not include interest and borrowing functions. Meanwhile, due to political disagreements, the legislative process for the Crypto Market Structure Act "Clarity" has stalled, and the decline in Bitcoin prices indicates a cooling of the crypto market frenzy.

CycleProphet

2026-02-10 00:25:27

Abstract generation in progress

Deep Tide TechFlow News, February 10 — According to The Block, Federal Reserve Board Governor 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 frenzy triggered by the Trump administration’s rise is waning.

BTC1,47%

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