The Trump administration is preparing to sign a new Executive Order, which is said to penalize banks if they discriminate against customers based on their political views or business sectors, including the cryptocurrency industry. This move is seen as a significant turning point, paving the way for the widespread acceptance of digital assets on a global scale.

CZ Binance: This Is a Historic Step Forward

Binance co-founder Changpeng Zhao (CZ) has voiced support for this decree, calling it a "major breakthrough" for cryptocurrency.

CZ commented:

"Previously, many banks in the U.S. often blocked transactions related to cryptocurrency, especially fiat transfers to buy crypto. If this decree is implemented, it will open up cross-border trading opportunities and help global financial institutions confidently embrace digital assets."

Policy Reversal: Ending "Operation Choke Point 2.0"

Trump's new decree marks a complete reversal of the phase known in the crypto community as Operation Choke Point 2.0, which took place from 2022–2023.

During this period, the FDIC, OCC, and several federal agencies pressured banks to sever ties with cryptocurrency companies.

As a result, several crypto-friendly banks like Silvergate Bank and Signature Bank collapsed, while major banks like JPMorgan blocked transactions related to crypto.

However, the situation began to change when Trump appointed crypto-friendly figures to key positions:

  • Paul Atkins serves as the Chair of the SEC.

  • David Sacks – an investor and entrepreneur in the crypto field – takes on the role of strategic advisor.

Under the leadership of these figures, the SEC and CFTC have announced several new initiatives, including the implementation of the President's Working Group on Digital Asset Markets Report.

Impact Beyond U.S. Borders

With the United States accounting for about 25% of global GDP, any major changes in U.S. financial-monetary policy will also have a ripple effect around the world.

If Trump's decree is implemented, many countries are likely to become more open to digital assets.

Recent examples have shown this trend:

  • Hong Kong just passed stablecoin regulation earlier this month, inspired by the new U.S. policy.

  • Nigeria – the country with the fastest-growing digital finance in Africa – through the words of SEC Director General Dr. Emomotimi Agama, has expressed its readiness to experiment with stablecoins to boost the economy.

Significance for the Cryptocurrency Industry

If this decree is signed and executed:

  1. Banks will not be able to refuse service simply because a customer operates in the crypto field.

  2. International liquidity for crypto will increase significantly, making cross-border transactions easier.

  3. Cryptocurrency businesses in the U.S. will have a clearer and safer legal environment to develop.

  4. The ripple effect globally, creating a domino effect for other countries.

💡 Conclusion

The Trump administration's new move not only means unshackling the cryptocurrency industry in the U.S., but also sends a strong signal to international markets that crypto is gradually entering an era of legalization and deeply integrating into the traditional financial system.