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Fed’s ’Skinny Accounts’ Proposal Could End Crypto Debanking, Says Senator Lummis

Fed’s ’Skinny Accounts’ Proposal Could End Crypto Debanking, Says Senator Lummis

Author:

Global Cryptocurrency

Published:

2025-12-28 08:51:02

22

2

BTCCSquare news:

Federal Reserve Governor Christopher Waller's proposal to grant crypto and fintech startups access to restricted 'skinny' master accounts has drawn praise from Wyoming Senator Cynthia Lummis. The move aims to counter Operation Chokepoint 2.0's debanking practices, which have persistently denied banking services to crypto firms despite Trump's 2018 executive order.

JPMorgan and other major banks continue facing scrutiny for abruptly freezing accounts of crypto-related businesses like Strike. Waller's plan could provide regulatory clarity for innovators while maintaining oversight—a delicate balance that will shape crypto's banking infrastructure in 2024.

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