## Simplified Banking: The Proposal That Could Transform Crypto Business Access
Cryptocurrency companies have been facing a persistent obstacle in the traditional financial system for years: banking system isolation. Senator Cynthia Lummis has proposed an innovative solution that has caught the industry's attention: the implementation of "thin" accounts by the Federal Reserve.
### What are these simplified accounts and why do they matter?
These simplified banking accounts are designed to provide basic deposit and transfer functions without the complexity of conventional financial products. For
Cryptocurrency companies have been facing a persistent obstacle in the traditional financial system for years: banking system isolation. Senator Cynthia Lummis has proposed an innovative solution that has caught the industry's attention: the implementation of "thin" accounts by the Federal Reserve.
### What are these simplified accounts and why do they matter?
These simplified banking accounts are designed to provide basic deposit and transfer functions without the complexity of conventional financial products. For
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