WisdomTree and two other native cryptocurrency companies have applied for a Federal Reserve master account

ChainCatcher news, according to Crypto In America, three cryptocurrency-native companies, including WisdomTree Digital Trust, Standard Custody & Trust Company, and Commercium Financial, have applied for a Federal Reserve master account, indicating a new optimism in the market regarding the Federal Reserve's potential easing of its stance on allowing digital asset companies to use its payment channels.

It is worth noting that WisdomTree and Standard Custody are state-chartered trust companies in New York, regulated by the New York State Department of Financial Services (NYDFS). Under the current federal definition, it is unclear whether they are eligible to open a master account, as opening a master account requires obtaining deposit authorization or insurance from the Federal Deposit Insurance Corporation (FDIC).

Some industry observers believe that these companies may hope for President Trump to issue an executive order directing the Federal Reserve to grant unrestricted master account access to fintech companies and digital asset firms. It is reported that the Trump administration has been considering this for several months.