The U.S. Federal Reserve has unveiled a revised proposal for limited payment accounts, designed to provide crypto firms with a streamlined version of the services offered to traditional banks. These accounts, often referred to as 'skinny accounts', will allow businesses to clear and settle payments more efficiently, although they will not have access to certain benefits like intraday credit or interest on balances. The Fed has opened a 60-day comment period for stakeholders to provide feedback on the proposal, which builds on an earlier request for information. Notably, the maximum closing balance for these accounts has been adjusted based on anticipated payment activity. This initiative is significant for the crypto sector, which has long sought enhanced access to the Fed's payment infrastructure. Previously, Kraken became the first crypto bank to obtain a limited master account, albeit through a regional Federal Reserve bank. Additionally, an executive order from President Donald Trump has called for a review of how payment account access is granted to uninsured depository institutions and non-bank financial firms, further influencing the regulatory landscape.