The administration of US President Donald Trump reportedly considers the executive ordinance to prevent banks from cutting off services for politically unfavorable industries, including cryptocurrency companies, in accordance with the report of The Wall Street Journal, citing unmitted sources.
. carry He would appear in response to the allegations that some banks rejected services to technology and cryptocurrency entrepreneurs as part of coordinated critics of the deban campaign, called “ChokePoint 2.0” operation.
Apparently, at least 30 founders of technology and cryptocurrencies were refused access to banking services during biden administration.
The Trump administration weighs the executive order
Representatives of JPMorgan Chase, Citigroup, Wells Fargo and other main American banks met with state officials in Texas and Oklahomie to defend themselves against the allegations that they refuse to operate the production industry and the extraction of fossil fuels, the sources informed WSJ.
In February, the democratic senator Elizabeth Warren called on Trump’s administration to take action against the largest banks in the country regarding the refusal of services based on political or industry reasons.
“It is easy for me: it does not matter who you voted for, what you believe or the origin of your name, you should not arbitrarily refuse access to their banks, blocked from their accounts or deprived of their banking powers,” Warren he said at the hearing of the Senate Banking Committee in February.
Related: Chairman of FDIC, “architect of ChokePoint 2.0” Martin Gruenberg to give up on January 19
In March 2023, the American banking system came after the sudden collapse of the Silicon Valley and voluntary liquidation of Silvergate Bank. Signature Bank was also forced to close its operations by Fresh York regulatory authorities on March 12, two days after the liquidation of Silvergate Bank.
The sudden fall of the three warm cryptocurrencies of American banks was called DhoKepunt 2.0 Operation by Crypto Venture Capital Nich Carter, Who saw It is as a “coordinated effort” to prevent the cryptocurrency industry.
Related: Paolo Ardoino: Competitors and politicians intend to “kill the imprisonment”
Cryptographic debt can last until 2026.
Despite the more favorable cryptographic regulatory system under the Trump administration, fears regarding the industry’s deban can last until 2026.
“According to Caitlin Long, the founder and general director, Custody Bank is prematurely saying that the deban is over.” She said at Cointelegraph’s Chain function every day x Show March 21:
“Trump will not be able to designate the new Fed governor until January. Therefore, you can see a breadcrumbs leading to a potentially great fight.”
“Because if OCC and FDIC overthrow their anti -crispy conductivity, but the Fed is not where it leaves us?” She added.
Long’s Custody Bank has been repeatedly attacked by American efforts deban, costing company work months and “several million dollars”, she explained.
Trump previously vowed that he “finished DhoKepint 2.0” during his speech at the top of cryptocurrencies at the White House on March 7.
https://www.youtube.com/watch?v=GD81DFCMIH44
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