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Trump may sign cryptocurrency-related executive order this week to repeal bank restrictions on cryptocurrency companies
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3 hours ago 487
According to sources, Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy of restricting crypto-business banking services, especially "Operation Chokepoint 2.0". Sources said the order may involve the Federal Reserve's "main account" policy, relaxing access to crypto banks. However, as an independent institution, the Federal Reserve's policies are usually not directly affected by the White House. In addition, the executive order may cover stablecoin regulation, which makes it clear that stablecoins should not be considered as securities. Senior White House officials plan to meet Thursday to assess potential legal obstacles to the executive order before submitting it to President Trump for a signature.
Keywords: Bitcoin
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