The Federal Reserve has launched a 60-day public comment period for a proposal aimed at preventing banks from refusing to provide services to cryptocurrency companies solely on the basis of "reputational risk," thereby removing a major barrier for crypto firms to access banking services. The rule will require banks to make decisions based on measurable financial risks, a shift that has been welcomed by supporters including Senator Cynthia Lummis. This move is seen as a response to the so-called "Choke Point 2.0," following the increasing integration of cryptocurrencies with traditional finance, such as the emergence of spot Bitcoin ETFs. It is expected to streamline business interactions between digital asset companies and banks.