Bitcoin FDIC Master Account 
Finovate
JULY 22, 2025
The company fired back, engaging in a legal battle by suing the SEC and FDIC over the need for more regulatory transparency in crypto. The lawsuit with the FDIC, however, is still ongoing, as the FDIC is still refusing to fully comply with Freedom of Information Act (FOIA) requests concerning “pause letters” sent to banks.
PYMNTS
DECEMBER 7, 2020
Companies that seek to issue stablecoins will have to get approval from the Fed, the FDIC and other regulators at least six months prior to launch. Read More On Cryptocurrency: Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3
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The Payments Association
MARCH 18, 2025
One notable change is the removal of “reputational risk” as a consideration when evaluating applications for master accounts. Federal Reserve Chair Powell confirmed that regional reserve banks will no longer take reputational factors into account when deciding whether to grant access.
The Payments Association
JANUARY 31, 2025
the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), or the National Credit Union Administration (NCUA)) are not included in the Working Group, especially given the allegations of an ‘Operation Choke Point 2.0.,’
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