Trump may sign cryptocurrency-related executive order this week, repealing banking restrictions on cryptocurrency businesses
Trump plans to sign an executive order as early as this week to overturn the Biden administration's policies restricting banking services for cryptocurrency businesses, specifically ‘Operation Chokepoint 2.0,’ sources said. Sources claim the order may involve the Federal Reserve's ‘master account’ policy, easing access to crypto banks. However, as an independent agency, the Fed's policies are usually not directly influenced by the White House. In addition, the executive order may cover stablecoin regulation, clarifying that stablecoins should not be considered securities. Senior White House officials are scheduled to meet on Thursday to assess potential legal hurdles to the executive order before submitting it to President Trump for signature.
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