The Fed is scarily efficient these days Got the task on Tuesday to grant crypto companies a master account, and yesterday it was already approved by vote! 6 out of 7 board members (including Powell) agreed to give compliant crypto companies a 'Skinny Master Account.' After a 60-day public notice period, it’ll take effect Meanwhile, familiar names like East Asia/Hang Seng/ZA Bank don’t even have a Fed master account Within the next decade, at least half of these small banks will be gone!