[The Federal Reserve Plans to Launch 'Skinny Master Account' This Year, Overall Crypto Regulatory Framework Remains Unclear] Odaily Planet Daily News – Federal Reserve Governor Christopher Waller stated that the Federal Reserve plans to launch the so-called 'skinny master account' by the end of this year. This comes against the backdrop of slow progress in broader regulatory rules for the crypto market, providing limited access to the payment system for certain institutions. Waller noted at an event hosted by the Global Interdependence Center that traditional master accounts allow financial institutions direct access to the Federal Reserve's payment system, while the 'skinny' version will come with multiple restrictions, such as non-interest-bearing account balances and no access to financing through the discount window. The public comment period for the related proposal has ended, but there remains disagreement between the banking industry and the crypto industry over whether non-traditional financial institutions should have access to the U.S. payment system. He also mentioned that as crypto market prices have pulled back, the market 'excitement' brought about by Trump's tenure last year is fading. Waller stated that the volatility of crypto assets remains high, and price fluctuations are an inherent characteristic of this market. On the legislative front in Washington, the overall regulatory framework for the crypto industry continues to face resistance, with the progress of several related bills moving slowly.