Sen Lummis says Fed skinny master accounts could end crypto debanking
Cynthia Lummis, a Republican United States Senator from Wyoming who is a strong advocate of crypto, noted that the new suggestion that Christopher Waller, an American economist serving as a Governor on the Board of Governors of the US Federal Reserve System, submitted to make “skinny” master accounts available for crypto firms would halt debanking under Operation Chokepoint 2.0.
Lummis made this statement after Waller released his new proposal to the public during the Payments Innovation Conference held in October of this year.
According to reports, the Governor claimed that this suggestion would enable crypto and fintech startups, including banks that only conduct payment activities, to obtain accounts at the Federal…
