On June 30, it was reported that three cryptocurrency-native companies, including WisdomTree Digital Trust, Standard Custody & Trust Company and Commercial Financial, had applied for the Federal Reserve's main account, indicating that the market may relax its stance on allowing digital asset companies to use their payment channels. New optimism. Notably, WisdomTree and Standard Custody are New York chartered trust companies regulated by the New York State Department of Financial Services (NYDFS). Based on current federal definitions, it is unclear whether they are eligible to open master accounts, which require deposit authorization or Federal Deposit Insurance Corporation (FDIC) insurance.