Washington Post with the report, in brief:

  • a ... proposal to regulate the crypto industry .... introduced in June — would force the Federal Reserve to grant so-called master accounts to certain crypto firms seeking them from the central bank. The accounts give holders access to the Fed’s payment system, allowing them to settle transactions for clients without involving a separate bank.

WaPo describe the proposal, part of a bill introduced to the US Congress, as "little-noticed".


BTC update, a flat sort of weekend with a wee pop in the past hours:

btc usd chart 04 July 2022 Sunday # July