A potential breakthrough for crypto adoption: U.S. Senator Cynthia Lummis has highlighted how the Federal Reserve's upcoming "skinny" banking accounts framework could effectively resolve the crypto debanking crisis. The proposed accounts model addresses a long-standing pain point where financial institutions restrict or deny services to cryptocurrency businesses and users. By streamlining banking requirements and reducing compliance friction, these accounts could facilitate legitimate crypto entities' access to traditional banking infrastructure. Lummis's stance signals growing recognition among policymakers that financial inclusion—particularly for emerging asset classes—requires structural regulatory innovation. This development comes as the industry continues advocating for clearer banking pathways and reduced institutional barriers.
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Rugman_Walking
· 15h ago
Hey, Lummis, this move is pretty good. Finally, someone has realized how annoying debanking is. If the skinny account framework really gets implemented, we won't have to hide and dodge anymore.
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OnchainDetective
· 21h ago
Wait a moment, I need to dig into the details here... Lummis suddenly promoting "skinny accounts" so actively, is there some on-chain fund flow behind the scenes that we haven't fully understood yet?
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TokenomicsTrapper
· 21h ago
lmao "skinny accounts" is just regulatory theater, read the fine print tho—bet there's compliance requirements buried in there that'll gatekeep half the industry anyway
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LiquidationKing
· 21h ago
The skinny account framework sounds good, but I don't believe traditional finance will loosen up so quickly...
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TokenToaster
· 21h ago
Lummis made a good move, finally someone on the Fed's side is speaking up for us... If the skinny account issue can really be pushed forward, the debanking problem can be alleviated quite a bit.
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AirdropSkeptic
· 21h ago
Can a skinny account really solve the problem? It feels like just another empty promise from politicians.
A potential breakthrough for crypto adoption: U.S. Senator Cynthia Lummis has highlighted how the Federal Reserve's upcoming "skinny" banking accounts framework could effectively resolve the crypto debanking crisis. The proposed accounts model addresses a long-standing pain point where financial institutions restrict or deny services to cryptocurrency businesses and users. By streamlining banking requirements and reducing compliance friction, these accounts could facilitate legitimate crypto entities' access to traditional banking infrastructure. Lummis's stance signals growing recognition among policymakers that financial inclusion—particularly for emerging asset classes—requires structural regulatory innovation. This development comes as the industry continues advocating for clearer banking pathways and reduced institutional barriers.