The White House is targeting the ConkePoint 3.0 to dismantle the encryption star-news.press/wp
The White House is studying an executive to eliminate banks that prevent customers for political reasons, in a step to reduce the new “CokePoint 3.0”. The draft order proposes penalties for financial institutions that violate the equal credit opportunities law, anti -monopoly laws, and the financial consumer protection laws for consumers.
American banks under the radar of Ghanjequent 3.0
According to the hadith Reuters reportThe White House has started a campaign against financial institutions that distinguish against individuals or entities based on reasons with political motives. The matter is expected to be signed this week and the government will be allowed to impose sanctions, to impose compliance agreements, or take other disciplinary measures against violators. This step can greatly restrict the Debanking encryption.
According to what was reported, the Trump administration launches direct reform targeting banking bases, including capital requirements. He believes that such an organizational step can stimulate economic growth and push innovation.
Miscellaneous, the new focus on the government on banking organization can eliminate the “CokePoint 3.0”. The term is used to describe banks and financial institutions The alleged efforts to restrict or limit access to financial services for some industries or companies, especially for encryption. For example, according to JPMORGAN, GEMINI restarted GEMINI due to the criticism of Tyler Winklevoss for the policy of access to the new data of the bank.
In response to this important development, the founder of the Binance Changpeng Zhao Published X, on the pretext that this step “can open the bank for encryption internationally.”
It was customary that the corresponding banks in the United States block transactions included encryption (FIAT to purchase encryption).
This opens banking services for encryption at the international level.
– CZ 🔶 bnb (CZ_Binance) Aug 5 2025
Moreover, Wall Street Banks faced criticism after the Republicans in Congress and states led by Republicans accused them of “waking up capitalism” by unrelevable relationships with arms manufacturers, fossil fuel companies, and other companies that are seen as right -wing threat.
Crypto Debanking continues to go out
Since the era of Joe Biden, banking institutions have been hostile to the encryption industry, a phenomenon that many have described as the “ChokePoint 2.0”. With Wall Street giants like JPMorgan cut ties with encryption platforms, the organizational scene has become an increasing challenge to encryption companies. Prosper figures such as Elon Musk and David Schwartz have sparked voices against this restricted position, as Ripple CTO described them as an indirect government organization. Musk stressed that more than 30 technology founders were “secretly not.”
With Donald Trump took the lead in January 2025, according to what was reported, his administration is working to bridge the gap between traditional banking services and encrypted currencies. This step aims to integrate the two financial systems, which enhances a more comprehensive and modern financial scene. President JPMorgan Chase and Bank of America were accused of making political paid decisions, which were denied by banks.
Recently, as Coingepe mentioned, Andressen Horowitz has shed light on the appearance of ChokePoint 3.0. Despite the apparent conclusion of ChokePoint 2.0. A16Z Partners claim that JPMorgan has introduced a database fee structure, a step that can greatly affect technical technology companies such as Venmo, RobinHood and Coinbase.
The Trump administration’s efforts to reform banking bases and enhance economic growth through regulatory changes can support encryption integration in the prevailing financial system. By curbing Operation CokePoint 3.0, the government hopes to enhance a more comprehensive financial scene, fill the gap between banking services and encryption.
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NYNU V Jamal is a great journalist in Coingape. It is proud of more than 3 years of experience in writing content, with experience in Crypto and Blockchain. It has contributed to platforms such as Comeption and Cryptotale, which indicates its efficiency in the movement of dynamic encryption. In addition to its press endeavors, NYNU is a literary enthusiastic, as she worked as an assistant professor in English and literature. She is a master’s degree holder in English literature and UGC net qualifiers. Her academic background enabled her to publish research papers on literature, while caring for her creative aspect as a published poet. Its creative side extends to music, crafts and art, which she actively explores. Its unique mixture of analytical and creative skills allows it to formulate attractive stories that capture the masses. Stay up update with Nynu on LinkedIn
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2025-08-05 06:47:00
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