Senator Lummis Applauds Fed’s Proposal to End Operation Chokepoint 2.0 for Crypto
TLDR Fed Governor Waller’s “skinny” accounts aim to help crypto and fintech startups access Federal Reserve services. Lummis claims the plan will end debanking practices seen under Operation Chokepoint 2.0. Despite Trump’s 2018 executive order, crypto startups still face debanking issues with major banks. JPMorgan has faced criticism for debanking crypto firms like Strike…
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