according to the website - By Coincu
US banks continue to close accounts related to cryptocurrencies, raising concerns in the industry
Unicoin CEO Alex Konanykhin reported ongoing account closures by major US banks, including Wells Fargo, which affects the crypto business despite new supportive federal legislation passed in 2025.
This indicates a continued reluctance of financial institutions to take risks, which impacts the integration of cryptocurrencies and requires clear regulatory requirements for the industry to fully comply with them.
The position of US banks contradicts federal support for cryptocurrencies
According to Cointelegraph, American banks such as Citibank and JPMorgan Chase are closing accounts related to cryptocurrency companies, including Unicoin. Although the Trump administration showed support for cryptocurrencies, these closures are happening despite regulatory changes. Unicoin and its subsidiaries faced service termination from four banks.
A gap remains between progress in cryptocurrency regulation in the US and its implementation by financial organizations. Even after the GENIUS Act took effect, which provides for stricter oversight of stablecoins, banks are still reluctant to take risks regarding cryptocurrency companies.
Industry experts agree that significant changes in the approaches of financial institutions require clear regulations. In the current environment, banks remain cautious, preferring to reduce risks rather than adapt to new strategies that are favorable to cryptocurrencies.
Regulatory uncertainty fuels caution in the banking sector
Record closures of cryptocurrency bank accounts often occur during transitional regulatory periods, illustrating the historical tension between traditional finance and digital assets.
According to CoinMarketCap, USDC remains stable with a market capitalization of $65.23 billion and a market dominance of 1.65%. Trading volume increased by 13.41% over the last 24 hours, indicating its continued use amid market fluctuations.
$XRP , $BNB , $SOL
#Cryptomarketnews
With us (in this group !), there generally remain those (subscribers !) who in search of fresh and relevant news, do not want to browse through dozens of different websites and news publications, but can afford to read all the most interesting in one news feed !!! 😉
Enjoy your viewing !!! 😊