MAROKO133 Update crypto: Fed Proposes Letting Stablecoin Issuers Access Banking System Dir

📌 MAROKO133 Breaking crypto: Fed Proposes Letting Stablecoin Issuers Access Bankin

The Federal Reserve (Fed) has unveiled plans to grant stablecoin issuers and fintech companies direct access to its payment infrastructure without requiring partnerships with traditional banks.

Fed Governor Christopher Waller announced the proposal during the central bank’s inaugural Payments Innovation Conference on October 21, introducing what he termed “payment accounts” or “skinny master accounts” for legally eligible institutions.

The move represents a major policy reversal from the Fed’s historically cautious stance toward crypto companies, several of which have spent years fighting for banking access.

Companies like Custodia Bank and Kraken, which have pursued Fed master accounts through lengthy legal battles, could benefit immediately from the streamlined approval process.

Streamlined Fed Accounts Target Stablecoin and Fintech Providers

The proposed payment accounts would provide direct connections to Federal Reserve payment rails while maintaining risk controls absent from full master accounts.

“This payment account concept would be targeted to provide basic Federal Reserve payment services to legally eligible institutions that right now conduct payment services primarily through a third-party bank,” Waller stated in his opening remarks.

Institutions receiving these accounts would face specific operational restrictions designed to limit Fed balance sheet exposure.

Additionally, the accounts would not earn interest on deposited balances, and they might carry mandatory balance caps to control their size.

Participants would lose access to daylight overdraft privileges, meaning transactions would be rejected once account balances reach zero.

The accounts would also exclude discount window borrowing and certain Fed payment services where the central bank cannot adequately control overdraft risks.

“The idea is to tailor the services of these new accounts to the needs of these firms and the risks they present to the Federal Reserve Banks and the payment system,” Waller explained during his speech.

Waller also emphasized that every legally eligible entity could qualify for a payment account under existing legal frameworks, with no changes to eligibility requirements.

“Payments innovation moves fast, and the Federal Reserve needs to keep up,” Waller told conference attendees.

Ripple and Anchorage Digital, both of which filed master account applications in 2025, could see accelerated decisions under the proposed framework.

Industry Leaders Gather as Fed Shifts Stance on Digital Assets

The announcement drew immediate attention at a conference bringing together crypto executives, including Chainlink CEO Sergey Nazarov, Coinbase CFO Alesia Haas, and Circle President Heath Tarbert, alongside Fed officials.

“The defi industry is not viewed with suspicion or scorn,” Waller told the approximately 100 private-sector innovators assembled at the Federal Reserve Board in Washington.

“Rather, today, you are welcomed to the conversation on the future of payments in the United States and on our home field—something that would have been unimaginable a few years ago,” he added.

During panel discussions, Sergey Nazarov pointed out major interoperability challenges during the conference’s opening panel on bridging traditional finance with digital assets.

“Nazarov expressed appreciation for regulators’ active role, noting the significance of having these important conversations at the Federal Reserve itself,” according to live conference coverage.

Meanwhile, Michael Shaulov, CEO of Fireblocks, emphasized the advantages of blockchain custody during panel discussions on resilience and DeFi integration.

“Improving regulations in the US are facilitating these discussions,” Shaulov stated, referencing difficulties traditional bank IT teams face in adopting blockchain infrastructure.

Similarly, Jennifer Barker of BNY Mellon emphasized the need for collaboration between traditional finance and DeFi to allow seamless integration.

“DeFi enables 24/7 dollar movements previously impossible for many banks,” Barker noted during the conference panels.

While the Fed has not specified an implementation timeline for the payment account proposal, Gov. Waller indicated that Fed staff would engage with stakeholders to gather feedback on the benefits and drawbacks before finalizing the framework.

The post Fed Proposes Letting Stablecoin Issuers Access Banking System Directly Without Banks appeared first on Cryptonews.

🔗 Sumber: cryptonews.com

📌 MAROKO133 Update crypto: World Liberty Advisor Explains the Real Reason Behind t

The October 10 crypto crash wiped out nearly $19 billion in leveraged positions within hours, shocking both traders and analysts. 

In an exclusive BeInCrypto podcast, World Liberty Financial advisor and Glue.Net founder Ogle broke down what really caused one of the largest single-day collapses in recent crypto history.

A Perfect Storm: Multiple Factors Converged

According to Ogle, there was no single trigger behind the sell-off.

“You don’t die from heart disease because you only ate a lot of burgers,” he said. “It’s a thousand things that come together that cause catastrophes.”

He explained that the crash stemmed from a combination of liquidity shortages, over-leveraged traders, and automated sell-offs sparked by macroeconomic jitters.

“In those precipitous drops, the bids to purchase simply were not there. There’s just not enough people who are interested in buying even at lower prices,” Ogle noted.

He added that Donald Trump’s remarks on US–China relations amplified panic in algorithmic trading systems, triggering a wave of automated short positions that accelerated the decline.

Liquidity Gaps and Over-Leverage Made It Worse

The advisor, who has been in crypto since 2012 and helped recover more than $500 million from hacks, pointed to over-leverage on professional exchanges as the most damaging element.

Many traders used “cross margin,” a system that links all positions together — a design flaw that can wipe out entire portfolios when prices dip sharply.

“My personal belief is that over-leveraging in professional exchanges is probably the most important part of it,” Ogle said. “It’s a cascade — if one position collapses, everything else goes with it.”

The Centralized Exchange Dilemma

Ogle criticized the community’s continued reliance on centralized exchanges (CEXs) despite repeated failures.

He cited Celsius, FTX, and several smaller collapses as reminders that users still underestimate custody risks.

“I don’t know how many more convincing events we need,” he said. “It’s worth spending an hour to learn how to use a hardware wallet instead of risking everything.”

While CEXs remain convenient, the future lies in decentralized finance (DeFi) and self-custody solutions — an evolution even centralized players recognize.

“Coinbase has Base, Binance has BNB Chain — they’re building their own chains because they know decentralization will disrupt them,” he explained.

Gambling Mindset and the ‘Gold Rush’ Mentality

Beyond technical failures, there’s a deeper cultural issue plaguing the crypto space. Speculative greed. Ogle compared today’s meme coin frenzy and 100x trading to the 1800s California gold rush.

“Most people who went there didn’t make money. The people selling shovels did. It’s the same now — builders and service providers win, gamblers don’t,” said Ogle.

He warned that excessive speculation damages crypto’s image, turning a technological revolution into what outsiders see as “a casino.”

Isolated Margin Is Critical

When asked for practical advice, Ogle gave a clear takeaway:

“If they take nothing else from this podcast, and they want to do perpetual trading, you must use isolated margin.”

He explained that isolated margin limits losses to a specific position, unlike cross margin, which can liquidate an entire account.

“The very best suggestion I can give people is this — always trade isolated,” he emphasized.

Overall, the October 10 crypto crash was not caused by a single failure. It was the inevitable outcome of systemic over-leverage, low liquidity, and a speculative culture that treats risk as entertainment.

Until traders learn to manage risk and take self-custody seriously, crypto will keep repeating the same mistakes — just with larger numbers.

The post World Liberty Advisor Explains the Real Reason Behind the October 10 Crypto Crash appeared first on BeInCrypto.

🔗 Sumber: www.beincrypto.com