Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
US President Donald Trump’s administration is reportedly considering an executive order to prevent banks from cutting off services into politically unfavorable industries, including cryptocurrency companies, according to Wall Street Journal reporting.
The movement He would come in response to the accusation that some banks rejected the services of technical and crypto to entrepreneurs in coordinated criticism of the debal campaign that dubbed “Operation Chokepoint 2.0”.
At least 30 technology and cryptocurrencies During Biden administration, access to banking services was reportedly denied.
Trump Administration weighs a powerful order
Representatives of JPMorgan Chase, Citigroup, Wells Fargo and other major US banks have encountered civil servants in Texas and Oklahoma to defend the accusations of refusing to serve entertaining production and fossil fuel industries, WSJ sources said.
In February, democratic senator Elizabeth Warren urged Trump’s administration to take steps against the largest banks in the country for rejecting services on the basis of political or industrial considerations.
“It is simple to me: it does not matter who you voted for, what you believe in or the origin of your surname, people should not be freely denied access to their banks, locked up from your accounts or deprive of their banking privileges,” Warren Warren said When hearing the Banking Committee of the Senate in February.
Related: Chairman of FDIC, “Architect of Operation Chokepoint 2.0” Martin Gruenberg to resign 19 January
In March 2023, the US banking system hit a sudden Silicon Valley Bank’s collapse and voluntary Silvergate Bank Disposal. The signature bank was also forced Near Operations of New York’s regulatory bodies 12 March, two days after the liquidation of Silvergate Bank.
Sudden collapse of three crypto-friendly American banks has been called Chokepoint 2.0 surgery from the crypto risk capitalist nothing Carter who saw As a “coordinated effort” to prevent the crypto industry from participating.
Related: Paolo Ardoino: competitors and politicians intend to kill harness’
Crypto debal can continue until 2026
Despite the more favorable crypto regulatory regulatory under Trump’s administration, they may worry about debating this industry persist by 2026.
“It is premature to say that Debanking has ended,” says Caitlin Long, founder and CEO of Custodia Bank. She said during the Cainelegraph Daily chain x View March 21:
“Trump will not be able to name the new Governor of the Fed until January. Therefore, you can see the breadcrumbs leading to a potentially large fight.”
“Because if OCC and FDIC turn over their anti -rypto leadership, but not Fed, where will it leave us?” She added.
Long Custodia Bank It was repeatedly focused on American efforts for debating, costing corporate months of work and “a few million dollars”, she explained.
Trump had previously committed that during his speech at the “Chokepoint 2.0” end surgery Crypto Summit White House March 7.
Magazine: NESTACOINS: Depegging, Bank Runs and other risks of weaving
