Fed’s ‘skinny’ accounts end Operation Chokepoint 2.0 — Senator Lummis

💡 DMK Insight

Cynthia Lummis’ comments on the Fed’s ‘skinny’ accounts could signal a pivotal shift for crypto firms. If implemented, these accounts might alleviate the pressure from banks that have been hesitant to work with crypto companies, effectively ending the so-called Operation Chokepoint 2.0. This could lead to increased liquidity in the crypto market, as firms gain easier access to banking services. Traders should keep an eye on how this regulatory change could impact major cryptocurrencies, particularly Bitcoin and Ethereum, which often react to shifts in institutional sentiment. If banks start to embrace crypto firms again, we could see a bullish trend develop, especially if Bitcoin can hold above its recent support levels. However, there’s a flip side: if the implementation faces delays or pushback from traditional financial institutions, it could lead to further volatility. Watch for any announcements from the Fed or major banks in the coming weeks, as these could provide key insights into the future of crypto banking.