๐บ๐ธ Update: The White House is preparing to pursue banks that refuse to deal with cryptocurrency companies!
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๐ The most important news:
* The Wall Street Journal reported that the White House is preparing to monitor banks that refuse to provide services to cryptocurrency companies, in a practice known as debanking.
* This action will be activated through a new executive order aimed at opening investigations into potential discrimination against these companies.
* This order could lead to fines and penalties for banks proven to practice political or economic discrimination.
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๐ก What does this mean?
* This move is a clear signal of the U.S. administration's support for the cryptocurrency sector, which could change the relationship between banks and crypto companies.
* Providing access to banking services is a major challenge for cryptocurrency companies, and this action may facilitate their operations in the United States.
* This could lead to increased innovation and growth in the sector, as companies gain a more stable operating environment.
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โ Do you think this action will force major banks to open their doors to cryptocurrency companies?
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