According to sources, Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy of restricting banking services for crypto businesses, specifically "Operation Chokepoint 2.0."
The sources said the order could involve the Federal Reserve's "master account" policy to ease access to crypto banks. However, as an independent agency, the Federal Reserve's policies are usually not directly influenced by the White House. In addition, the executive order may cover stablecoin regulation, making it clear that stablecoins should not be considered securities. Senior White House officials plan to meet on Thursday to evaluate potential legal obstacles to the executive order before submitting it to President Trump for signature.
Trump may sign a cryptocurrency-related executive order this week to repeal banking restrictions on cryptocurrency companies
2025-03-10 20:55:24
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