Trump may sign an executive order related to cryptocurrency this week, abolishing banking restrictions on cryptocurrency companies

2025-03-11 08:04:09

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ChainCatcher news, sources reveal that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policies limiting banking services for cryptocurrency companies, particularly "Operation Chokepoint 2.0." Sources indicate that the order may involve the Federal Reserve's "master account" policy, easing access for crypto banks. However, the Federal Reserve, as an independent agency, typically operates without direct influence from the White House.

Additionally, the executive order may cover stablecoin regulation, clarifying that stablecoins should not be considered securities. Senior White House officials plan to meet on Thursday to assess potential legal obstacles to the executive order before submitting it for President Trump's signature.

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