Game Changer: Trump Personally 'Unshackles' the Crypto Space
Today (August 8), Trump officially signed an executive order to stop banks from discriminating against the crypto industry by 'cutting services'! In simple terms, if banks dare to arbitrarily shut down exchanges or retail accounts in the future, they are going against the President! This move directly ends the Biden administration's 'Choke Point 2.0' initiative, where the Federal Reserve forced banks to draw a line between themselves and crypto, making it difficult for everyone to withdraw funds. Now, finally, a new chapter begins!
How significant is the impact? Banks are eagerly giving the green light to the crypto space!
Fiat on-ramps revived: Previously, banks like Silvergate were afraid of regulations and didn't dare to engage in stablecoin business. Now with the policy reversal, banks will definitely rush to open accounts for exchanges and project teams. USDC and USDT deposits and withdrawals will be smoother, and we no longer have to worry about account reviews!
Traditional giants entering the field: Big institutions like Goldman and Morgan were previously observing, but now that regulations are clear, they will likely soon launch crypto custody services or even their own stablecoins. A flood of capital is about to rush into the crypto space!
Is Trump's 'Crypto President' persona solidified?
This guy really knows how to play! From the March White House crypto summit, to signing the (GENIUS Act) in July to establish rules for stablecoins, and now cutting off bank discrimination, he's unleashed a series of moves that have crypto enthusiasts cheering. Even the SEC has changed its tune saying, "Regulation is not about stifling innovation" - this shift in sentiment is faster than Musk tweeting!
Retail investors are most concerned: How long can the bull market go crazy?
In the short term, Bitcoin will definitely reap the benefits - with banking services restored, liquidity surging, hitting new highs isn't a dream. But in the long term, we need to focus on two points:
Regulatory details: Although Trump is supportive, anti-money laundering (AML) rules still need to be followed, so don't expect to act recklessly.
Stablecoin war: USDC and USDT are backed by companies like Circle and Tether, which can now apply for banking licenses. In the future, they might directly compete with traditional finance, and the fiercer the competition, the lower the fees for retail investors!
Reminder to my buddies: Don't just focus on the excitement!
Policy benefits are good, but the crypto space always has risks:
Don't go All in: If Trump happens to leave office next year, policies may flip, so keep some bullets in case of a storm.
Keep an eye on compliant projects: Especially those that have obtained banking licenses (like Circle), coins with strong compliance tend to resist declines better.
"In the past, banks ignored the crypto space, now they make you feel like it's out of reach!" After this operation, Wall Street will eventually have to beg crypto companies for cooperation. Family, buckle up, this market cycle might be wilder than 2021! (But remember: if you make money, don't forget to give Ails a thumbs up!)
I am Ails, here to guide you through the fog of the crypto space and seize hardcore opportunities! Follow me for insights on crypto opportunities amidst the trade war storm; we will keep a close eye! What you lack is not luck, but Ails' top-notch team!