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BTCC / BTCC Square / Global Cryptocurrency /
Senator Lummis Vows to Hold Fed Accountable for Crypto Support

Senator Lummis Vows to Hold Fed Accountable for Crypto Support

Author:
Global Cryptocurrency
Published:
2025-04-25 19:24:02
5
3

Senator Cynthia Lummis has pledged relentless oversight of the Federal Reserve until the digital asset industry secures more than regulatory stopgaps. The Wyoming Republican, a vocal advocate for sound Bitcoin policy, condemned the Fed’s recent withdrawal of crypto banking guidelines as perpetuating ’Operation Chokepoint’ tactics.

Lummis spearheaded revelations about the central bank’s role in crypto debanking during the Biden administration. Internal Fed documents showed staff directives to treat cryptocurrency firms as high-risk clients—a policy framework now rescinded, but leaving lingering uncertainty.

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