Senator Cynthia Lummis has proposed that the Federal Reserve's introduction of 'skinny' accounts could effectively end the debanking of cryptocurrency firms. These accounts are designed to provide basic banking services, which could offer a solution to the challenges faced by crypto companies in accessing traditional banking services. Lummis's statement highlights ongoing efforts to integrate cryptocurrency into the broader financial system and address regulatory hurdles.
Senator Lummis Advocates Fed's 'Skinny' Accounts to Halt Crypto Debanking
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