Summary
- Decrypt reported that President Trump is expected to issue an executive order to resolve debanking against the digital asset industry.
- This executive order is expected to include provisions granting cryptocurrency banks access to the Fed's services through Master Accounts.
- While the Fed, as an independent institution, may not be influenced by White House policies, it was reported that executive orders related to stablecoin regulation are also being prepared.
Opinions have emerged that President Donald Trump may issue an executive order regarding debanking, also known as Operation Choke Point 2.0, which refers to banks' unfair treatment toward the digital asset (cryptocurrency) industry.
On the 10th (local time), cryptocurrency-focused media Decrypt reported, citing sources, that President Trump could issue an executive order aimed at abolishing Operation Choke Point 2.0.
Specifically, the executive order reportedly includes provisions to grant Master Accounts, the Federal Reserve System (Fed)'s payment system access rights, to cryptocurrency banks, allowing them to access the Fed's services.
However, the media outlet predicted that as an independent institution, the Fed might not be directly influenced by the White House's policies.
In addition, President Trump is reportedly preparing executive orders related to the securities status of stablecoins.
Uk Jin
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