The cryptocurrency market in the U.S. may be facing a major turning point. Donald Trump is expected to sign an executive order targeting what many in the industry call the quiet crackdown by banks and regulators. This order will investigate whether financial institutions acted unlawfully when they ceased providing services to cryptocurrency customers, and may force a reset of regulations, reopening vital banking access. For a sector still recovering from the fallout of the FTX exchange and ongoing legal pressures, this move could change everything. Let's take a closer look at what is really happening—and what comes next.
Trump's executive order on cryptocurrency withdrawal could reshape the U.S. digital asset market
Donald Trump is reportedly preparing to sign an executive order aimed at challenging long-standing allegations that U.S. banking regulators have treated cryptocurrency companies unfairly. If this order is signed as expected, it could mark a significant shift in how traditional financial institutions engage with digital asset companies.
Could this reverse the coldness of Operation Choke Point 2.0?
For more than two years, cryptocurrency executives have argued that regulators have quietly pushed digital asset companies out of the financial system. They call it Operation Choke Point 2.0. What is the accusation? Regulators are accused of pressuring banks to sever ties with cryptocurrency businesses, especially after the collapse of FTX. A request under the Freedom of Information Act revealed that the FDIC even asked banks to pause cryptocurrency activities, confirming what many insiders had previously claimed.
The executive order proposed by Trump directly addresses the weakness of this issue. The order directs federal agencies to consider whether those regulatory moves violate antitrust or fair lending laws. If regulators are found to have colluded, legal action may be taken. This sends a clear signal that a new sheriff may be coming to town—and cryptocurrency companies may soon see the door to traditional finance reopen.
What does this mean for the cryptocurrency market in the short term?
If Trump signs the order this week, market sentiment is expected to improve across the cryptocurrency industry. Cryptocurrencies that rely heavily on U.S. banking infrastructure, such as stablecoins and platforms like Coinbase, may immediately see price increases. Even before the ink dries, the market tends to price in regulatory easing when it perceives political will leaning toward supporting cryptocurrencies.
Tokens closely linked to U.S. innovation - such as Ethereum, Chainlink, and Solana - could benefit from improved fiat pathways and reduced barriers for liquidity providers in the U.S. If banks begin to reassess their relationships with cryptocurrency companies, that could mean more abundant capital flows, better-supported infrastructure, and alleviated compliance issues.
How might investors react in the coming weeks?
This is when things get more complicated. Easing regulations does not mean that the SEC and CFTC will immediately back down. Investors will wait to see if the Department of Justice will actually enforce this order and whether banking policies will truly change. But even predicting those changes could push Bitcoin and other leading cryptocurrencies higher in the near future.
Key factor to watch: whether financial institutions will start re-engaging with previously banned cryptocurrency customers. If major banks like JPMorgan or Wells Fargo quietly continue to collaborate or provide services to digital asset companies, that will confirm this change is real—not just a political stunt.
Could this open the door for a cryptocurrency revival in the U.S.?
Not immediately. This order will first trigger investigations and assessments, rather than immediate enforcement. But it lays the groundwork. For startups, this could eliminate one of the biggest barriers to growth: access to banking. For major exchanges like Coinbase, it could mitigate compliance risks and strengthen their position in the U.S. market.
If this order also restores trust in the rule of law for conservative political groups, it could unite two powerful voter blocs - libertarian cryptocurrency advocates and right-wing financial supporters - under a common goal. This political alignment could shape U.S. cryptocurrency policy for years to come.
What's next?
There are three important things right now.
Will Trump actually sign this order this week or delay it?
Reactions from U.S. banking regulators like the FDIC and the Federal Reserve
Price volatility of U.S.-based cryptocurrencies and listed companies like Coinbase
If this story develops into real legal pressure against regulators that have sidelined cryptocurrency companies, expect a new wave of bullish energy to flood the market. It’s still early, but the cryptocurrency winter in the U.S. may finally be thawing.