Ripple, Cardano at Fed Meetup Spark Master Account Talk
Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson both attended a Federal Reserve roundtable. The discussion focused on stablecoins and the potential creation of a Fed master account for digital asset firms. Hoskinson explained that the “Genius Act” set initial standards but further rulemaking is needed on master account access, custodial rules, insurance frameworks, audit oversight, and privacy for assets like Bitcoin. Digital Asset Investor highlighted Garlinghouse’s presence and presented the Fed master account as imminent. If approved, a Fed master account could reshape liquidity, settlement, and custody for stablecoins and tokenized assets, marking a bullish step for Ripple and the broader crypto market.
Bullish
Speculation of a Fed master account for digital asset firms is a bullish catalyst. Past signals of U.S. regulatory support, like the OCC’s stablecoin guidance, have driven increased institutional inflows and price appreciation. In the short term, traders may see volatility as the market prices in rulemaking progress. Over the long term, direct access to a Fed master account could lower settlement costs, enhance liquidity, and boost demand for XRP and stablecoins, reinforcing institutional adoption and market stability.