Express
Trump Signs Executive Order to Stop Unfair Treatment of Crypto Industry Being Cut Off from Banking Services
Summary: According to reports, on Thursday, US President Trump signed an executive order aimed at preventing federal regulators from targeting financial institutions that do business with the cryptocurrency industry. The White House statement said that the digital asset industry has become a target of unfair 'de-banking,' which damages public trust in banks and regulatory agencies, affects ...
According to reports, on Thursday, US President Trump signed an executive order aimed at preventing federal regulators from targeting financial institutions that do business with the cryptocurrency industry. The White House statement said that the digital asset industry has become a target of unfair 'de-banking,' which damages public trust in banks and regulatory agencies, affects livelihoods, freezes wages, and imposes heavy economic burdens on law-abiding Americans. The order eliminates 'reputational risk' as a reason for regulatory scrutiny, although it does not specifically mention cryptocurrencies, it has been previously used against the industry.
Tags:
Link: Trump Signs Executive Order to Stop Unfair Treatment of Crypto Industry Being Cut Off from Banking Services [Copy]
