Trump recently encountered a troublesome issue: he wanted to deposit 1 billion dollars in a U.S. bank, but was rejected!
JPMorgan also required him to transfer hundreds of millions from his account within 20 days. In the end, he had to spread the funds across various small banks, with each deposit being around 10 million dollars.
He feels he has been "discriminated" against because of his political stance and hinted that the regulatory agencies during Biden's administration may have secretly pressured the banks. However, both major banks deny closing accounts for political reasons, and a JPMorgan spokesperson even expressed agreement with Trump's views on regulatory reform.
This matter seems to be a conflict between politics and finance, but those in the crypto community have sensed a different flavor. Trump has recently supported decentralized stablecoins, signing a series of related bills, which directly threatens the traditional banking industry's cheese.
Banks profit from monopoly licenses and information asymmetry, while the cross-border payments and low-cost settlements of stablecoins are breaking this "comfort zone".
Three Key Signals for the Crypto Community
Decentralized value is being validated: That big banks can reject a 1 billion deposit precisely shows that in centralized finance, how you save your money and whether you can save it is dictated by the institutions. The core of cryptocurrency is to return asset sovereignty to the users themselves.
Regulatory games will escalate, but the trend is hard to stop: The regulatory forces behind the banks may fight back. However, even if Trump is "censored", he still pushes hard, indicating that decentralized finance has become a force that cannot be ignored. The future conflicts will be more intense, but the trend will not disappear.
Focus on the decentralized stablecoin sector: The areas that banks feel threatened by must have their value. Attention can be given to those decentralized stablecoin projects that have real landing scenarios and clear compliance paths. Especially projects that can tokenize real-world assets, as they may become important bridges connecting traditional finance and the digital economy.
Trump's rejection, on the surface, appears to be a political or personal grievance, but at a deeper level, it serves as a warning from the traditional financial system to challengers. However, history tells us that new things often break old rules.
The more banks fear, the more it indicates that the crypto field is touching the core, presenting enormous opportunities.
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