The Federal Reserve has released an updated proposal for its 'skinny' master account, aiming to provide fintech and crypto firms access to its payment rails without requiring them to be fully chartered banks. This update follows U.S. President Donald Trump's executive orders directing the integration of digital assets into existing payment networks and strengthening Bank Secrecy Act regulations, according to CoinDesk. The Fed's proposal, initially published in December 2025, outlines how it plans to grant access to payment accounts, potentially requiring legislative support from Congress.