On his first day back in the White House, President Donald Trump repealed 78 of Joe Biden’s executive orders—but left the controversial Executive Order 14067 untouched. 💥
Known for “Operation Choke Point 2.0,” this order empowers regulators to restrict crypto firms’ access to banks, leading to the downfall of Silvergate Bank and Signature Bank. 🏦💀
At the 2024 Bitcoin Conference, Trump slammed these measures and vowed to abolish them on Day 1. Yet, silence on this front has left the crypto world baffled. 🤔 Prominent analyst Adam Cochran voiced his frustration, saying Trump’s inaction undermines trust.
💡 Critics argue agencies like the SEC and FDIC still wield excessive power to target crypto, stifling innovation. Regulators claim these measures “protect” the financial system, but enthusiasts see them as a calculated assault on digital assets. 🔐📉
Amid uncertainty, Trump’s pardon of Ross Ulbricht, the Silk Road founder, offers a glimmer of hope. 🌟 But the big question remains:
⚡ Will Trump dismantle ‘Choke Point 2.0’ as promised?
⚡ Or has crypto slipped from his priority list?
Until action is taken, the crypto industry remains stuck in limbo, overshadowed by Biden-era policies. ⏳
The crypto world waits—impatiently—for bold steps to fulfill Trump’s campaign promises. Will the spark of hope ignite action, or will it fizzle out? 🔥
