May 20, 2026 7:12 PM

Legacy banks have spent years gatekeeping the U.S. payment system, but that monopoly is being dismantled. By stripping the Federal Reserve of its power to deny "master accounts" to crypto firms, we are removing the "safety" barriers that incumbents like JPMorgan claim prevent economic collapse. Are these regulations actually protecting the public, or are they just anti-competitive tools used to keep crypto out of the inner circle? Is this a genius move or a disaster waiting to happen?
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