ChainCatcher news, according to Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's supportive stance on cryptocurrency, U.S. financial institutions such as Citibank and JPMorgan are still arbitrarily closing cryptocurrency business accounts. This year, Unicoin and its subsidiaries have had services terminated by four banks, including Wells Fargo, Florida Community Bank, and Dominion Bank.

The Trump administration plans to sign an executive order requiring federal banking regulators to review such actions. Industry experts point out that substantial changes will await the introduction of specific regulatory details, and currently, banks still maintain a risk-averse attitude toward cryptocurrency businesses.