Breaking: Wyoming Senator to Push for Encryption Legislation, Fed's "Streamlined Master Account" Proposal Sparks Industry Divisions

2025-12-22 14:22:40

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[Coin World] The cryptocurrency industry is welcoming a new change in policy direction. Wyoming Senator Lummis recently announced that she will promote legislation related to the market structure of Crypto Assets before her term ends in 2027. As an important driver in the formulation of digital asset policy in the United States for many years, her move has immediately gained recognition from several industry leaders.

At the same time, the Federal Reserve is also taking action - they are seeking public input and considering the launch of a new plan called “Streamlined Master Account.” This account is designed to be quite special, primarily providing a restricted payment account service for eligible institutions.

However, this proposal has caused divisions within the Federal Reserve. Federal Reserve Governor Christopher Waller expressed support, believing it is a positive direction. However, another Federal Reserve Governor, Michael Barr, took a cautious stance, mainly concerned about potential risks from an anti-money laundering perspective.

Behind the two pieces of news lies a subtle adjustment in the attitude of U.S. regulators towards Crypto Assets. From legislative advancements at the parliamentary level to the central bank's innovative attempts at payment systems, the dialogue between the crypto industry and traditional financial regulation seems to have entered a new phase.

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PebbleHander

· 2025-12-25 13:59

Lumis's move is quite good, but by 2027 even the yellow flowers will have withered. Can the current crypto circle wait that long? Simplifying the main account sounds like the old routine; restricted permissions are essentially control. Barnaga's concerns are actually not unfounded. Two Federal Reserve governors are singing different tunes, indicating they haven't figured things out themselves. We still need to keep observing. No matter how loud Lumis blows, it’s useless. The key is how the Congress votes; don’t let it be another case of loud thunder but little rain. Anti-money laundering, anti-money laundering—why is this always used as a shield? It’s really an old trick.

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governance_ghost

· 2025-12-25 12:23

Lumis is causing trouble again, but this time it feels a bit dramatic—moving in 2027? Now is the time to push hard.

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MetaverseLandlady

· 2025-12-25 10:13

Lumis is at it again, do we have to wait until 2027? Anyway, the Federal Reserve is also playing a tug-of-war, and Barl is starting to push the old anti-money laundering routine...

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FUDwatcher

· 2025-12-22 14:52

Lumis has started stirring things up again. Will it work this time? It feels like every time there's a lot of noise but little action.

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DAOplomacy

· 2025-12-22 14:49

lummis posturing for 2027 while fed can't even align internally... arguably the real move here is watching which faction gains ground, path dependency could lock us in for decades tbh

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WhaleWatcher

· 2025-12-22 14:46

Loomis is back, this woman truly wants to promote crypto compliance, but whether substantial legislation can be passed before 2027 still depends on the direction of the winds. The issue of simplifying the main account has already caused internal conflicts within the Fed, Waller supports while Barr opposes, isn't this just gambling on whether regulation wants to open up or wants to clamp down? With limited authority and AML risks, it boils down to trying to find a balance between Blockchain and the Central Bank, which is difficult.

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LightningHarvester

· 2025-12-22 14:40

Loomis is stirring things up again, and this time it really is serious... Speaking of which, those two Fed governors are arguing, and Barr is still worried about money laundering risks; this guy's thinking is a bit out of touch.

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