Ripple CEO Advocates for Crypto Access to Federal Reserve Master Accounts
On October 15, 2025, during DC Fintech Week, Brad Garlinghouse, CEO of Ripple Labs, voiced strong criticism towards Wall Street bankers opposing Federal Reserve master accounts for crypto firms. He argued that cryptocurrency companies should be regulated on equal footing with traditional financial institutions and should be granted access to Fed master accounts to operate efficiently.
Garlinghouse described the resistance from traditional banks as "hypocritical" and "anti-competitive," highlighting the outdated barriers that hinder innovation in the financial sector. Ripple is actively pursuing a federal bank charter and has already applied for a master account through its affiliate, Standard Custody & Trust Co.
Recent engagements with banking partners reflected a positive shift, with some institutions now more open to collaboration with crypto players like Ripple. Garlinghouse emphasized that granting crypto firms master accounts would improve overall stability, enable better regulatory oversight, and reduce risks in the growing cryptocurrency market.
For investors and users interested in the evolving crypto space, platforms like Bitlet.app provide innovative solutions, including Crypto Installment Services. Bitlet.app allows users to buy cryptocurrencies now and pay monthly, making crypto investment accessible without the need for full upfront payment. This service aligns well with the progressive steps Ripple is pushing for within financial infrastructures.
Stay tuned as the dialogue between traditional finance and crypto continues to evolve, promising a more integrated future for digital assets.