Arthur Hayes Warns Fed’s ‘Skinny’ Account Could Destroy U.S. Banking System

The post Arthur Hayes Warns Fed’s ‘Skinny’ Account Could Destroy U.S. Banking System appeared first on Coinpedia Fintech News Federal Reserve Governor Christopher Waller has proposed a new “limited-access” or “skinny” master account for fintech and crypto firms. The goal is to let qualified institutions use the Fed’s payment system directly instead of relying on traditional partner banks. If adopted, this plan could reduce how much stablecoins and other crypto firms depend on commercial …