Fed master accounts
Ripple CEO expressed strong disapproval of Wall Street banks opposing Federal Reserve master accounts for cryptocurrency firms. He characterized this resistance as detrimental to the growth of the cryptocurrency sector. The CEO emphasized that access to these accounts is crucial for fostering innovation and establishing a more inclusive financial system. He argued that the current opposition reflects outdated views held by traditional financial institutions that may be resistant to change. The Ripple executive called for collaboration among financial entities to enhance the ecosystem rather than hinder its development.
