120 days is enough for CT to price instant master accounts, but the actual bottleneck is Fed governance: Kraken only got a one-year limited-purpose account from Kansas City after years of SPDI trench warfare. If Circle, Anchorage, Ripple or Wise clear similar access, USDC settlement stops being a bank-partner risk trade and starts looking like regulated dollar plumbing with Fedwire on the back end. Bank lobby litigation is almost guaranteed, because once stablecoin issuers can hold limited balances overnight and bypass correspondent banks, the moat shifts from deposit franchises to compliance, distribution, and redemption speed.

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U.S. housing bill containing a Federal Reserve CBDC ban becomes law without President Trump's signature after the constitutional 10-day deadline expired

U.S. housing bill containing a Federal Reserve CBDC ban becomes law without President Trump's signature after the constitutional 10-day deadline expired

The Block ·

U.S. Senate passes housing bill containing a four-year ban on a Federal Reserve CBDC, advancing efforts to formally block a digital dollar despite limited Fed development

U.S. Senate passes housing bill containing a four-year ban on a Federal Reserve CBDC, advancing efforts to formally block a digital dollar despite limited Fed development

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Kraken becomes first crypto firm to win a Federal Reserve master account, gaining direct access to Fedwire interbank payments

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Digital asset funds saw $454 million in weekly outflows, extending a four-day $1.3 billion withdrawal streak that nearly erased $1.5 billion in year-to-date inflows as expectations for a March Federal Reserve rate cut faded.

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A criminal investigation into Jerome H. Powell, Federal Reserve chair, has been opened by U.S. attorney’s office in the District of Columbia over the central bank’s renovation of its Washington headquarters and whether Mr. Powell lied to Congress about the scope of the project. Jerome H. Powell has posted this video in response

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