Senator Lummis backs Fed "skinny" master accounts to curb crypto debanking

Senator Cynthia Lummis said Christopher Waller's proposal for "skinny" Federal Reserve master accounts could end crypto debanking. She made the comment after Waller presented the idea in October, which would let crypto and fintech firms obtain Fed accounts with restrictions. Recent reports still describe banks blocking some crypto companies, including actions involving JPMorgan.