A new analysis is gaining attention around the world. $XRP Joined the community after linking together a series of recent regulatory developments that could shape how crypto companies access U.S. payments infrastructure in the future.
The debate centers on a May 19 executive order signed by President Donald Trump directing the Federal Reserve to provide clearer and faster procedures for crypto and fintech companies seeking access to payments infrastructure. The order reportedly calls for decisions on completed applications within 90 days and frames the issue as a U.S. competitiveness issue.
Fed opens new framework, then suspends applications
Just one day later, the Federal Reserve began a 60-day public comment period on so-called “skinny accounts.” This is a framework that allows eligible non-bank institutions to access the Federal Reserve’s payment rails with limited privileges.
However, analysis shows that on May 20-21, 2026, the Federal Reserve proposed a new framework for “Skinny Master Accounts” that would provide eligible financial institutions with access to payment services without benefits such as reserve interest or emergency financing. At the same time, the Fed suspended new Tier 3 account applications until Dec. 31, 2026, while it finalized the rules and opened a 60-day public comment period on the proposal.
“Three lines”
Analysts claim that only three companies were already in line before the moratorium took effect.
- ripple
- anchorage digital
- wise
Analysis shows why Ripple stands out
The analysis argues that each company exhibits different strengths.
While Wise has built a large global remittance business and Anchorage Digital operates as a federally chartered cryptocurrency bank with storage and issuance capabilities, analysts said Ripple has unique advantages through its existing cross-border payments infrastructure.
He highlights Ripple’s conditional OCC approval, New York state regulatory oversight, and stablecoin launch. $RLUSDfully backed and designed to comply with emerging US stablecoin standards.
Most importantly, the analysis points to Ripple’s existing payment network and on-demand liquidity (ODL) corridor. $XRP As a bridging asset for international payments.
What’s bigger than paying?
He further argues that this debate is not really about payments, but about access to financial infrastructure.
According to this theory, just as correspondent banking relationships helped establish the dominance of the U.S. dollar system, financial institutions with direct access to the Federal Reserve’s payment system could become important hubs of future financial networks.
He also mentioned Kraken, which reportedly became the first crypto-native institution to secure a Federal Reserve master account in March 2026 after a multi-year application process.
Although these observations remain speculative and do not represent official government positions, this analysis has stimulated discussion among countries. $XRP Supporters who have seen Ripple’s payment infrastructure, $RLUSD stablecoin and $XRP Liquidity Network believes it could put the company in a better position if the Federal Reserve’s direct access extends to further crypto companies in the future.
