Senator Lummis Says Fed Proposal Could End Crypto Debanking

[cryptoenthusiast]

Wyoming Senator Cynthia Lummis says a new proposal from Federal Reserve Governor Christopher Waller could finally bring an end to crypto debanking linked to so-called Operation Chokepoint 2.0.

Waller’s plan would introduce “skinny” master accounts, giving crypto and fintech firms limited access to Federal Reserve payment infrastructure without granting full banking privileges. Lummis praised the proposal, saying it would enable faster payments, lower costs, and improved security while restoring fair access to financial services.

She called the framework a key step toward responsible payments innovation in the US.