Trump Orders Fed to Review Crypto Firms' Access to Master Accounts!

President Trump has directed the Federal Reserve to review whether cryptocurrency firms should be granted access to Fed master accounts — a move that could fundamentally reshape how digital asset companies interact with the US financial system. Master accounts provide direct access to the Fed's payment infrastructure, allowing institutions to settle transactions without relying on traditional bank intermediaries.

For crypto firms, gaining master account access would be transformative: it would reduce dependence on correspondent banking relationships that have historically been a chokepoint for the industry, and could lower transaction costs and counterparty risk across the board.

The order doesn't guarantee access — it mandates a review — but the direction of travel is unmistakable. A Trump administration pushing the Fed to open its rails to crypto signals a structural policy shift…