US President Donald Trump is going to sign a decree providing for a punishment for banks refusing to serve cryptocurrencies, said The Wall Street Journal, referring to sources in the White House.
According to the draft decree, financial regulators will have to investigate cases of violations of the law on equal lending opportunities, antitrust laws and laws on consumer financial protection. To the counterparties that were seen in this, the authorities should receive the right to apply various punishments, including fines.
The Wall Street Journal reminded that the fight against the debanking of the crypto companies was one of Trump’s election promises that threatened to put the end of the Choke Point 2.0 operation. This term applies to a set of measures taken under the administration of President Joe Biden and aimed at the distance of crypto companies from the financial market.
The interlocutors of the magazine said that the current administration of the White House has already considered the possibility of taking the measure described in the project more than a month ago, but postponed them for a later time.
Earlier, the founder and executive chairman of the American company Strategy Michael Saylor called on the US authorities to create an official classification of cryptocurrencies. The businessman called her absence an obstacle to increasing the investments of corporate investors in digital assets.
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Source: Cryptocurrency
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