Odaily News The Congressional Research Service (CRS) released a report on Federal Reserve policy issues, which touches on the topic of cryptocurrency and digital currency and outlines some policy issues that Congress may want to consider, including whether cryptocurrency companies and other non-traditional companies with federal or state banking licenses should be granted direct access to the Federal Reserve's discount window and master account. It is reported that the Federal Reserve previously refused to provide a master account in its legal dispute with Custodia Bank.
The Congressional Research Service is a government organization that outlines topics that the U.S. Congress may wish to consider. In addition, the report also touches on other crypto topics, including bank involvement in cryptocurrency business, stablecoins and central bank digital currencies (CBDCs). (ledgerinsights)