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Illustration: Annelise Capossela/Axios
Washington, D.C., is locked in a battle over how to integrate crypto and fintech firms into the regulated financial system. Now the Federal Reserve is confronting a similar question: Who gets access to its payment infrastructure, and on what terms?
Why it matters: The Fed on Wednesday night said it is seeking public comment on a proposal to extend limited access to its payment rails to fintech and other non-bank firms.
