- The “Operation ConckPoint 2.0” was blamed for the financial exclusion of Crypto under Biden.
- Trump refuses to get rid of encryption, he tells us that we must remain able to compete.
In placing himself as a supporter of the church and the audio critics of the former administration, President Donald Trump recently condemned the continuous pillar of encryption companies, describing it as a “very bad and very dangerous trend.”
He suggested that the practice arose during the era of President Biden and continues to hinder the American encryption industry.
“They are fossilized by the organizers”
In the appearance of a modern in the Oval Office on June 28, Trump said,
“There is a lot of Debanking. These people are very bad and very dangerous, and they shouldn’t do it.”
This came in response to a conversation with journalist Sander Lutz, Trump was asked whether he would consider signing an executive order to address the case.
Response that, Trump said,
“I can tell you, because I was a victim of myself, because of my politics, that the big banks were very bad for us. I actually think that the people of Biden were the ones who told him that they were because one group of banks are afraid of them are the organizers. They stumble from the organizers.”
Although Trump has stopped confirming a new executive, he hinted that the case still requires action, saying that the Debanking problem “continues to this day.”
Evidence of conflicts of interests?
He also avoided investigations on whether he would return himself from his family’s encoding projects to avoid conflicting interests in the progress of encryption legislation.
Instead, Trump stressed the strategic importance of embracing digital assets, indicating that if the United States turns its back into encryption, the competing countries like China will benefit from this feature.
Trump added,
“Many Democrats said they will not support projects of encryption in Congress only because of you and on your family’s personal encryption projects.”
ChokePoint 2.0 operation against Trump is a reflection
For those who are not aware, Trump and Biden departments are mainly taking the opposition methods of banking access to encryption.
During the era of President Biden, it was claimed that the organizers pressured banks to reduce relations with digital asset companies, an effort called by CokkePoint 2.0.
This batch has spread widely across the encryption sector, as the banks distanced themselves due to the risk of visual reputation.
In contrast, President Trump’s administration is actively destroyed by these barriers.
It has retracted controversial policies such as SAB 121, has strengthened the rules for combating discrimination in banking services, and entered the executive measures to prevent banks from unlikely to exclude encryption companies from financial services.
Besides this pro -Crocho position, Trump increased his criticism of the federal reserve, especially because of his frequency of low interest rates.
Powell problem and what is waiting for us?
Trump also revived his long criticism of the President of the Federal Reserve, Jerome Powell-who originally appointed him-Call He has a “stubborn mule” and urges him to resign.
This clash followed Powell’s previous notes in January, where he indicated that banks can deal with encryption, provided that they have strong risks.
“The threshold was a little higher for banks that participate in encryption activities, because it is very new.”
These comments are in line with recent reports from the Wall Street Journal, which indicates that the next executive will prevent banks from rejecting services to encryption companies based on their industry or assumption of political affiliations.
If a year, it could be a pivotal transformation towards restoring fair financial access and reaffirming institutional support for the growth of the encryption sector.
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2025-06-28 14:00:00