๐บ๐ธ The White House Declares War on Anti-Crypto Banks! ๐ฅ
In a surprising move, White House officials unveiled a new executive order that will force banks to stop closing the accounts of crypto companies for illegal or political reasons. ๐ฆ๐ผ
๐ The order targets "Chokepoint 2.0" practices and gives regulators (such as the FDIC and OCC) the authority to penalize violating banks.
โ The goal? Protecting crypto companies from discrimination and encouraging a fair regulatory environment within the United States.
๐ This could be a prelude to a broader wave of institutional adoption of digital currencies... and the possibility of seeing a significant shift in the attitude of traditional banks toward the market.
My opinion: If this order is actually implemented, it will be a strength for the crypto industry... especially in the US, which is considered the largest market.