Trump Fights Discrimination Against Crypto Firms with New Order
Main Idea
U.S. President Donald Trump is reviewing a new presidential order targeting discriminatory banking practices, which may provide relief for the crypto industry by addressing issues like bank account closures and credit access.
Key Points
1. The draft order aims to prevent discriminatory banking practices and targets actions labeled as 'Operation Choke Point 2.0,' with regulators like the Fed, OCC, and FDIC tasked with monitoring compliance.
2. Crypto companies such as Coinbase, Kraken, and Uniswap Labs have provided evidence to Congress about being excluded from banking services, prompting a House investigation into account closures.
3. Eric Trump, Donald Trump’s son, reported his bank accounts were closed while establishing a Bitcoin mining company, highlighting the issue of banking discrimination against crypto businesses.
4. The order seeks to ensure equal credit access and could alleviate long-standing difficulties crypto firms face in securing banking services.
Description
Trump plans to sign an order opposing financial discrimination against crypto companies. The order instructs regulators to investigate potential legal violations by banks. Continue Reading: Trump Fights Discrimination Against Crypto Firms with New Order The post Trump Fights Discrimination Against Crypto Firms with New Order appeared first on COINTURK NEWS .
Latest News
- Cryptocurrencies Plunge as Economic Challenges Intensify2025-08-05 15:43:25
- Crypto Markets Stir as Bitcoin Holds Steady at $114,0002025-08-05 14:21:18
- Bitcoin Eyes Uncertain Future as Market Signals Shift2025-08-05 13:32:19
- Pi Network Ventures Fuels Humanoid Robot Development with Bold Investment2025-08-05 12:36:22
- Shiba Inu Faces Surging Address Outflows: What Lies Ahead?2025-08-05 12:18:02