The Federal Reserve intends to create a layered system to assess the access rights of financial institutions, which may be applicable to encrypted banks

The Federal Reserve will issue relevant guidance and plans to create a three-tier system for evaluating whether financial institutions should be granted access. The evaluation process can be adjusted according to the type of financial institution submitting applications to grant access such as payments. Each tier corresponds to a more stringent review process, with Tier 1 banks being federally insured; Tier 2 banks not having Federal insurance but still "subject to prudential oversight by federal banking agencies"; and Tier 3 consisting of "not federally insured, "Under the prudential supervision of federal banking agencies," this is likely to apply to cryptobanks, thereby opening up avenues for cryptobanks to take advantage of the central banking system without going through other intermediary banks.