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🔓 Fed to Offer 'Master Accounts' to Crypto Firms, Says Senator Lummis

The Federal Reserve will grant "master accounts" to qualified crypto companies and fintechs, according to Senator Cynthia Lummis. She stated this move ends what she termed "Operation Chokepoint 2.0," a perceived campaign of debanking by commercial institutions. The accounts would provide direct access to the Fed's payment system.

🔓 Fed to Offer 'Master Accounts' to Crypto Firms, Says Senator Lummis

The Federal Reserve will grant "master accounts" to qualified crypto companies and fintechs, according to Senator Cynthia Lummis. She stated this move ends what she termed "Operation Chokepoint 2.0," a perceived campaign of debanking by commercial institutions. The accounts would provide direct access to the Fed's payment system.