We filed our comment letter with the Federal Reserve this week on their proposed Payment Account framework.
Our view: Anchorage Digital Bank is the first federally chartered, OCC supervised national crypto bank, and federal supervision, not deposit insurance status, should be what determines access to the Fed's payment rails.
We think the Board can get there, and we're glad they're taking comments seriously.
Anchorage Digital Bank has filed a comment letter with the Federal Reserve on its proposed Payment Account framework.
Our view: a national trust bank is a national bank. Federal supervision, not deposit insurance, should determine access to the Fed's payment rails.
Read the letter: