Trump White House Preps ‘Choke Point’ Killer; CZ Says It ‘Opens Banking for Crypto’
Main Idea
The Trump administration is preparing an Executive Order to reverse past restrictive crypto policies, which is seen as a major win for crypto firms and could open banking for crypto internationally.
Key Points
1. The Executive Order aims to reverse 'Operation Choke Point 2.0,' a period when federal agencies pressured banks to cut ties with crypto firms.
2. Binance co-founder Changpeng Zhao (CZ) hailed the move as a breakthrough, stating it will 'open banking for crypto internationally.'
3. The U.S. controls around 25% of the global economy, making this policy shift significant for mainstream adoption of digital assets.
4. Crypto-friendly regulators, such as SEC Chairman Paul Atkins and 'crypto Czar' David Sacks, have been appointed to key positions.
5. The policy change could influence global crypto adoption, with examples like Hong Kong’s stablecoin regulations and Nigeria’s openness to stablecoin innovation.
Description
The Trump White House is preparing an Executive Order to punish banks for discrimination The move is seen as a major win for crypto firms that have faced “de-banking” Binance’s CZ said the upcoming order will “open banking for crypto internationally.” The Trump administration is preparing a new Executive Order that will reportedly fine banks for discriminating against clients based on their political views, a move Binance co-founder Changpeng Zhao (CZ) is hailing as a major breakthrough for the ...
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