🏛 White House Moves to Dismantle 'Chokepoint 3.0' – A Turning Point for Crypto Banking?

⚖️ In a bold regulatory shift, the White House is cracking down on politically motivated debanking, aiming to penalize financial institutions that deny services based on ideology or industry — a move that could significantly reshape the future of crypto access to traditional finance.

🔑 Key Highlights:

◾️ New order allows penalties & compliance action against banks discriminating for political reasons

◾️ Aims to end ‘Operation Chokepoint 3.0’, which targeted crypto and other controversial sectors

◾️ Example: JPMorgan allegedly halted Gemini’s re-onboarding after criticism from Tyler Winklevoss

◾️ Binance founder CZ says this could "open banking for crypto internationally"

◾️ Trump administration also pushing for broader banking rule reforms to boost innovation

◾️ Comes amid growing backlash over “woke capitalism” from congressional Republicans

🌐 Whether you support or question this move, one thing is clear: access to financial services is becoming a battleground for policy, politics, and innovation.

📢 What do you think — will this unlock more opportunity for crypto, or lead to unintended consequences?

#Crypto #Regulation #Fintech #Banking #Web3

https://coingape.com/banks-under-scrutiny-white-house-action-to-end-operation-chokepoint-3-0-crypto-debanking/?utm_source=bnb&utm_medium=coingape