U.S. Senator Cynthia Lummis has endorsed Federal Reserve Governor Christopher Waller's proposal to allow cryptocurrency companies to access 'simplified' master accounts. Lummis believes this move will effectively end the debanking efforts under "Operation Chokehold 2.0" and foster innovation in payment systems. The proposal, introduced at the Payments Innovation Conference in October, aims to enable crypto and fintech firms to open accounts at the Federal Reserve, akin to traditional bank master accounts, albeit with certain limitations. Lummis highlighted the potential benefits of this framework, including faster payments, reduced costs, and enhanced security.