Fed reopens controversial payment proposal

The Federal Reserve is forcing crypto and non-bank firms into a "second-class" banking tier. These new "skinny" accounts demand full regulatory compliance but strip away every major benefit of a master account—no interest, no credit, and no discount window access. By pausing current applications to push this restricted model, the Fed is effectively gatekeeping the financial system to protect legacy banks. Is this a legitimate compromise, or a trap to keep new players subordinate?
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