According to Cointelegraph, Wyoming Senator Cynthia Lummis, a pro-crypto United States lawmaker, has expressed support for a recent proposal by Federal Reserve Governor Christopher Waller. The proposal aims to provide crypto companies access to "skinny" master accounts, potentially ending debanking practices under Operation Chokepoint 2.0. Governor Waller introduced this idea at the Payments Innovation Conference in October, suggesting that crypto and fintech startups, including payment-only banks, could access accounts at the Federal Reserve similar to the "master accounts" used by banks, albeit with certain restrictions. Senator Lummis praised Waller's framework, stating that it could end Operation Chokepoint 2.0 and pave the way for genuine payments innovation. She emphasized the benefits of faster payments, reduced costs, and enhanced security as essential components for responsibly building the future of finance. Operation Chokepoint 2.0 has been described as a coordinated effort to deny banking services to crypto companies and their founders, with venture capitalist Marc Andreessen noting that more than 30 tech founders were affected by debanking under this operation. The proposal from Waller signifies a regulatory shift in the United States, where officials and lawmakers are increasingly recognizing cryptocurrencies and fintech startups as vital upgrades to the payments system and the future of finance. Despite U.S. President Donald Trump signing an executive order in August to prohibit banks from debanking Americans and businesses without lawful cause, crypto executives and Web3 companies have continued to report debanking issues. The order also directed U.S. banking regulators, including the Federal Deposit Insurance Corporation (FDIC), to identify and potentially penalize banks and financial institutions engaged in debanking. In November, Jack Mallers, CEO of Bitcoin payments company Strike, reported being debanked by JPMorgan without explanation. Mallers shared his experience in a separate post, stating that JPMorgan repeatedly refused to disclose the reasons for their actions. Additionally, JPMorgan Chase froze the bank accounts of stablecoin startup companies BlindPay and Kontigo in December, citing alleged exposure to sanctioned jurisdictions as the reason for their actions.

Giving crypto companies and fintech startups access to accounts at the Federal Reserve is a hedge against debanking by commercial banks. source: https://cointelegraph.com/news/fed-skinny-accounts-end-operation-chokepoint-lummis?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Lighter's Season 2 points distribution ends, sybil actions removed. Community speculates on 'S3e' and upcoming TGE. source: https://coincu.com/news/lighter-season-2-points-distribution/

Trust Wallet has pledged to compensate all users after an unknown hacker injected malicious code into its Chrome extension, stealing $7 million in crypto. source: https://www.theblock.co/post/383801/trust-wallet-launches-compensation-process-for-7-million-browser-extension-hack-victims?utm_source=rss&utm_medium=rss

Silver is ripping higher and Robert Kiyosaki is taking a victory lap. source: https://www.thestreet.com/crypto/markets/rich-dad-poor-dad-author-predicts-silver-price-185-surge

Banks are reportedly lobbying to change the GENIUS Act and reverse the compromise over interest payments, apparently due to concerns about safety, despite the bill already settling this issue. Critics argue that the banks lobbying to change the GENIUS Act are doing so in order to protect their profit margins from competition and not for […] source: https://www.cryptopolitan.com/coinbase-red-line-banks-genius-act-lobby/

Mike Novogratz says the crypto market is entering a decisive structural transition. According to the CEO of Galaxy Digital, the next phase of the cycle will no longer reward tokens built mainly on hype, storytelling, or community momentum. source: https://www.ethnews.com/xrp-and-cardano-might-face-crucial-test-according-to-the-ceo-of-galaxy-digital/

Aave's DAO vote controversy highlights governance, revenue sharing, and $AAVE tokenholder interests. source: https://coincu.com/news/aave-dao-vote-tokenholder-economics/

Frontier tech is accelerating, and Ethereum is in the critical path. source: https://www.bankless.com/read/why-2026-will-get-weird

null source: https://x.com/DaanCrypto/status/2005021368606183669

Grok, Elon Musk’s AI chatbot on X, has been praised by Vitalik Buterin for giving unpredictable responses that challenge users’ political biases and promote more truthful interactions.

A massive hack has struck Trust Wallet, one of the most widely used crypto wallets, resulting in estimated losses exceeding $6 million.

Italy’s competition authority has ordered Meta to allow rival AI chatbots on WhatsApp while investigating possible abuse of its dominant position. Meta plans to appeal, saying the policy protects its systems, but regulators worry it could limit competition and innovation in the AI market.

Nvidia has announced a $20 billion acquisition of Groq’s core assets, a landmark move that strengthens its already commanding position in the artificial intelligence chip market and reshapes the competitive landscape for AI infrastructure.

Keonne Rodriguez, co-founder of Samourai Wallet, began serving a five-year federal prison sentence and shared a personal account of his first days, describing the intake process and adjusting to prison life just before Christmas.

The Philippines has escalated its crackdown on unlicensed cryptocurrency platforms, with internet service providers beginning to block access to major global exchanges, signaling a decisive shift toward stricter enforcement of local crypto regulations.

Pudgy Penguins projected its animated characters on the Las Vegas Sphere for a week-long holiday campaign, promoting its physical products rather than NFTs. The display helped the crypto-born brand reach mainstream audiences, supporting merchandise sales and boosting recognition despite a struggling NFT market.

Kraken has officially launched the Krak Card, a Mastercard crypto debit card for residents living in the EU countries and the United Kingdom. The Krak card would allow users to spend more than 400 cryptocurrencies and fiat currencies seamlessly.

Trust Wallet confirmed a security incident affecting version 2.68 of its Chrome extension after users reported unauthorised wallet drains following a recent update. The company told users to disable the extension and upgrade immediately, saying its mobile app and other versions were not affected while the investigation continues.

Kyrgyzstan has taken another step toward embedding digital assets into its financial system after cryptocurrency exchange Binance listed the country’s first som-pegged stablecoin, a move that signals growing state-level confidence in blockchain-based payments and infrastructure.