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U.S. Senator Cynthia Lummis said the Federal Reserve has ended its targeted supervision of banks that provide services to cryptocurrency firms, a practice critics labelled “Operation Chokepoint 2.0.” According to the Wyoming Republican, the decision removes a regulatory hurdle that had limited traditional lenders’ involvement with digital-asset companies. Lummis called the move “real progress toward a level playing field for crypto,” arguing it will give banks clearer guidance and could broaden financial access for the industry. The Federal Reserve has not yet released a public statement detailing the policy change or any accompanying supervisory guidance.
JUST IN: 🇺🇸 Senator Cynthia Lummis says "the Fed announced it’s killing the targeted supervision of digital asset banking activities." "This is real progress toward a level playing field for crypto." https://t.co/QtzlSfJiAl
🚨LUMMIS: REAL PROGRESS FOR CRYPTO! 🇺🇸 Sen Cynthia Lummis: “The Fed is ending targeted supervision of digital asset banking activities… real progress toward a level playing field for crypto.” Banks got the green light! 🙌 https://t.co/LcZibWZGxS
JUST IN: 🇺🇸 Senator Cynthia Lummis says "the Fed announced it’s killing the targeted supervision of digital asset banking activities." "This is real progress toward a level playing field for crypto." 🙌
