šØ BREAKING ā Just 24 hours after President Trump signed TWO executive orders ordering the Federal Reserve to evaluate giving crypto firms direct access to Fed payment rails⦠the Fed reportedly told Reserve Banks to TEMPORARILY PAUSE decisions on Tier 3 master account requests ā including Rippleās ā until the end of 2026.
Rippleās application, filed through its Standard Custody & Trust Co. subsidiary, falls under Tier 3 (uninsured, non-traditional institutions ā strictest scrutiny). The Fed says the pause is so it can finalize the āskinny master accountā framework that Governor Chris Waller proposed last October.
š„ Senseiās take: this is the Elizabeth Warren machine in action. The same political pressure that drove the BPI bank lobby to file comments against Rippleās OCC charter is now showing up at the Fed. Officially itās a rulemaking pause. Practically? It pushes Rippleās direct Fed access into 2027 territory ā unless Trumpās executive order accelerates it. Watch the 120-day Fed report deadline carefully.
Iām breaking down what this actually means, why Paul Barron is calling it āEWā Warrenās attack, and the bullish case hiding inside the bearish headline.
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