Summary
- It was reported that President Donald Trump is set to sign an executive order to impose fines on financial institutions involved in debanking.
- In the past, cases of debanking among virtual asset companies have been reported frequently.
- During the Biden administration, suspicions were raised about pressuring the virtual asset industry through 'Operation Chokepoint 2.0'.
According to CNN on the 7th (local time), Donald Trump, the President of the United States, is expected to sign an executive order that would impose fines on financial institutions involved in debanking (restrictions on access to banking services).
In the past, frequent cases of debanking among virtual asset (cryptocurrency) companies have been reported.
During the Biden administration, suspicions were raised that 'Operation Chokepoint 2.0' (a policy to pressure the virtual asset industry by blocking access to banks) was implemented.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
