๐จBig Win for Crypto in the US? Senator Cynthia Lummis Backs Fed's "Skinny" Master Accounts to End Debanking!
Pro-crypto Senator Cynthia Lummis just endorsed Federal Reserve Governor Christopher Waller's proposal for "skinny" master accounts โ limited direct access to Fed payment systems for crypto and fintech firms.
This could finally put an end to Operation Chokepoint 2.0, the alleged coordinated debanking of crypto companies. Despite recent executive orders against unjust debanking, incidents continue (e.g., JPMorgan freezing accounts for Strike and stablecoin startups like BlindPay).
๐งBenefits:Faster paymentsโก
๐งLower costs๐ธ
๐งEnhanced security๐
๐งReal innovation without full banking risks
This is a major step toward integrating crypto into mainstream US financial rails responsibly. Bullish for adoption!๐
What do you think โ game-changer or still too restricted?
