Federal Reserve Board Governor Christopher Waller stated that the Federal Reserve plans to launch a so-called "Lite Main Account" by the end of this year, allowing some institutions limited access to the Federal Reserve payment system, but without interest, discount window access, or other core functions. Waller said he hopes to implement the plan as soon as possible after completing coordination of opinions. He also pointed out that progress in the U.S. Congress on structural legislation for the crypto market has been hindered, and the related uncertainties, combined with cooling market sentiment, are causing the crypto euphoria that emerged during Trump's early days in office last year to fade. Major asset prices like Bitcoin have already declined significantly. (The Block)