The US Federal Reserve is seeking public input on a proposal to allow cryptocurrency and fintech companies to open direct payment accounts, known as 'skinny master accounts.' This initiative would grant these firms access to central bank systems, potentially reducing risk and accelerating payment processes. However, concerns about money laundering persist.
Meanwhile, DeepSnitch AI has successfully raised over $880,000 in its presale, with plans to launch in January 2026. The project is gaining attention for its early timeline and practical applications, positioning it as a promising option in the crypto space. The developments highlight the increasing focus on the cryptocurrency sector from both regulators and investors.
Fed Proposes Direct Payment Accounts for Crypto Firms; DeepSnitch AI Raises $880K
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