{"id":17750,"date":"2025-11-07T08:43:43","date_gmt":"2025-11-07T07:43:43","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=17750"},"modified":"2025-11-07T08:43:43","modified_gmt":"2025-11-07T07:43:43","slug":"ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/","title":{"rendered":"Ripple’s CLO Advocates for ‘Streamlined’ Federal Accounts to Address Banking Woes and Highlight Advantages"},"content":{"rendered":"

“`html
\n<\/p>\n

\n
\n
Trusted Editorial<\/u> material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure<\/a><\/div>\n<\/p><\/div>\n

Blockchain payment firm Ripple, voiced endorsement for the notion of a \u201clean\u201d Federal Reserve (Fed) payments account designed for <\/span>non-financial organizations <\/span><\/a>via its chief legal officer, Stuart Alderoty. This account could reportedly alleviate apprehensions from conventional banks regarding financial stability and competitive dilemmas.<\/span><\/p>\n

Ripple Pursues Fed Master Account<\/span><\/h2>\n

In an <\/span>interview <\/span><\/a>with Reuters, Alderoty characterized the concept as \u201cappealing\u201d and proposed it could offer reassurance to traditional banks concerned about heightened competition from lightly-regulated non-banks.\u00a0<\/span><\/p>\n

Ripple had previously requested a Fed master account back in July of this year, which would enable the firm to link directly to the US central bank\u2019s payment framework, eliminating the need for intermediaries.<\/span><\/p>\n

The Federal Reserve has historically maintained caution regarding granting access to its <\/span>payment systems<\/span><\/a> to less-regulated entities, partly due to worries from banks related to potential dangers to the financial system.\u00a0<\/span><\/p>\n

Nonetheless, in a significant policy shift, Fed Governor Christopher Waller recently indicated that the central bank is contemplating a \u201clean\u201d master account.\u00a0<\/span><\/p>\n

This account would permit organizations to access Fed payment services without providing other essential advantages, such as interest earnings, overdraft facilities, or emergency lending access.<\/span><\/p>\n

Despite these restrictions, a \u201clean\u201d account could still enhance Ripple\u2019s capability to swiftly convert reserves into its dollar-linked stablecoin, <\/span>RLUSD<\/span><\/a>. This direct access to the Fed\u2019s services would simplify transactions and minimize costs associated with depending on bank intermediaries.\u00a0<\/span><\/p>\n

Industry Experts Contribute Insights<\/span><\/h2>\n

Alderoty underscored the significance of redeemability, asserting that having access to a master account would provide the most efficient and transparent means to manage US dollar assets and Treasuries.<\/span><\/p>\n

Waller clarified that the concept remains an early-stage model and is subject to modifications. He remarked that the intended application of such accounts would be restricted, aiming to prevent interference with the <\/span>traditional banking sector\u2019s operations<\/span><\/a>.\u00a0<\/span><\/p>\n

Additionally, he mentioned that these \u201clean\u201d accounts might grant crypto institutions access to Fed payment pathways on a \u201cstreamlined timeline,\u201d though without certain perks like interest on account balances or overdraft options.\u00a0<\/span><\/p>\n

However, Wall Street veteran Caitlin Long, who is also the founder and CEO of Custodia, a Wyoming-chartered crypto bank that has long pursued a comprehensive master account, expressed caution regarding the notion of such ideas.\u00a0<\/span><\/p>\n

She highlighted that Waller\u2019s announcement specified that the Federal Reserve\u2019s new initiative would apply solely to \u201clegally eligible entities,\u201d emphasizing the importance of the specifics in the execution.<\/span><\/p>\n

\"Ripple\"
The daily chart illustrates XRP\u2019s price trending downwards. Source: XRPUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

At the time of writing, the firm\u2019s associated cryptocurrency, XRP, was trading at $2.22, indicating considerable losses in accordance with the broader crypto market\u2019s current downturn. Over the last 24 hours and seven days, the altcoin has decreased by 6% and 8% in value, respectively.\u00a0<\/span><\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n

\n\t\t\t\t\t\t\t\t\t<\/p>\n

Editorial Process<\/strong> for bitcoinist is focused on delivering meticulously researched, precise, and impartial content. We adhere to strict sourcing standards, and each page undergoes thorough examination by our team of leading technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readership.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n


\n
Source link <\/a>
\n“`<\/p>\n","protected":false},"excerpt":{"rendered":"

“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Blockchain payment firm Ripple, voiced endorsement for the notion of a \u201clean\u201d Federal Reserve (Fed) payments account designed for non-financial organizations via its chief legal officer, Stuart Alderoty. This account could reportedly alleviate apprehensions from conventional banks regarding financial stability and<\/p>\n","protected":false},"author":3,"featured_media":17751,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[4158,4159],"class_list":{"0":"post-17750","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-ripple-clo-sees-skinny-fed-account-as-solution-to-banking-concerns","9":"tag-touts-benefits-gpt"},"yoast_head":"\nRipple's CLO Advocates for 'Streamlined' Federal Accounts to Address Banking Woes and Highlight Advantages - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple's CLO Advocates for 'Streamlined' Federal Accounts to Address Banking Woes and Highlight Advantages - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Blockchain payment firm Ripple, voiced endorsement for the notion of a \u201clean\u201d Federal Reserve (Fed) payments account designed for non-financial organizations via its chief legal officer, Stuart Alderoty. This account could reportedly alleviate apprehensions from conventional banks regarding financial stability and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-07T07:43:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1272\" \/>\n\t<meta property=\"og:image:height\" content=\"729\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/\",\"name\":\"Ripple's CLO Advocates for 'Streamlined' Federal Accounts to Address Banking Woes and Highlight Advantages - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg\",\"datePublished\":\"2025-11-07T07:43:43+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg\",\"width\":1272,\"height\":729,\"caption\":\"Ripple\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ripple’s CLO Advocates for ‘Streamlined’ Federal Accounts to Address Banking Woes and Highlight Advantages\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ripple's CLO Advocates for 'Streamlined' Federal Accounts to Address Banking Woes and Highlight Advantages - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/","og_locale":"it_IT","og_type":"article","og_title":"Ripple's CLO Advocates for 'Streamlined' Federal Accounts to Address Banking Woes and Highlight Advantages - WSJ-Crypto","og_description":"“`html Trusted Editorial material, evaluated by prominent industry specialists and experienced editors. Ad Disclosure Blockchain payment firm Ripple, voiced endorsement for the notion of a \u201clean\u201d Federal Reserve (Fed) payments account designed for non-financial organizations via its chief legal officer, Stuart Alderoty. This account could reportedly alleviate apprehensions from conventional banks regarding financial stability and","og_url":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/","og_site_name":"WSJ-Crypto","article_published_time":"2025-11-07T07:43:43+00:00","og_image":[{"width":1272,"height":729,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"3 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/","url":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/","name":"Ripple's CLO Advocates for 'Streamlined' Federal Accounts to Address Banking Woes and Highlight Advantages - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg","datePublished":"2025-11-07T07:43:43+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/11\/Screenshot_1301.jpg","width":1272,"height":729,"caption":"Ripple"},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/11\/07\/ripples-clo-advocates-for-streamlined-federal-accounts-to-address-banking-woes-and-highlight-advantages\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Ripple’s CLO Advocates for ‘Streamlined’ Federal Accounts to Address Banking Woes and Highlight Advantages"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/17750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=17750"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/17750\/revisions"}],"predecessor-version":[{"id":17753,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/17750\/revisions\/17753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/17751"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=17750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=17750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=17750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}