President Donald Trump is planning to sign a new executive order aimed at eliminating anti-crypto policies from the #JoeBiden administration, which have made it difficult for crypto companies to access banking services. According to sources from Decrypt, this decree could reverse regulations related to 'Operation Chokepoint 2.0' and even impact the Federal Reserve's policies. Could this be a major turning point for the digital asset industry in the U.S.?


Operation Chokepoint 2.0: The Crypto 'Nightmare'

The upcoming decree from #TRUMP is said to directly target 'Operation Chokepoint 2.0' – an unofficial campaign under Biden, accused of deliberately making it difficult for crypto companies to open bank accounts. This term, coined by Nic Carter of Castle Island Ventures, is inspired by Operation Choke Point during Obama, which targeted industries like short-term lending and gun businesses.


Under Biden, banks focused on crypto like Custodia have been continuously denied master accounts by the Fed – the type of accounts necessary for direct trading with the Fed and serving customers nationwide. This hampers the development of crypto-friendly financial institutions. Sources indicate that Trump's decree will seek to reverse this policy, opening the door for crypto banks to access the mainstream financial system.


Bo Hines, Director of the Presidential Task Force on Digital Assets, confirmed to Decrypt that the administration is preparing to take action, although details have not yet been disclosed. "The industry can expect something soon," he said, emphasizing the commitment to end all activities related to Operation Chokepoint 2.0.


Impact on the Fed: Challenging Independence?

A notable point in the decree is the potential to change the Fed's policy on master accounts. If successful, this would be a breakthrough for the crypto industry, allowing banks specializing in digital assets to operate more effectively. However, the Fed is generally considered independent, not subject to direct control from the White House or Congress, according to their self-declared policy. This raises the question: Can Trump overcome legal barriers to impose changes on #Fed ?


Senior White House officials are reportedly set to meet on Thursday to assess potential legal challenges before presenting the decree for Trump to sign. However, a White House official denied this meeting, while confirming that the process to reverse Operation Chokepoint 2.0 is underway. This contradiction suggests the decree is still in the finalization stages, with many uncertain factors.


Non-Security Stablecoin: Bigger Changes?

Beyond banking issues, the decree may also expand its scope. A source revealed that Trump might issue directives declaring stablecoins – digital assets designed to maintain stable value, often pegged to the USD – as not being securities. If this comes to fruition, it would alleviate legal pressure on projects like USDT or USDC, promoting widespread acceptance of stablecoins in the financial system.


For Binance users, where stablecoins account for a large portion of trading volume, this is positive news. Reduced regulatory risks could increase liquidity and create opportunities for traders to take advantage of trading pairs like BTC/USDT or ETH/USDC.


Context: Trump and Crypto

If signed in the coming days, this would be the third decree related to crypto since Trump returned to the White House. Previously, he signed a decree on January 23 establishing the Presidential Task Force on Digital Asset Markets, gathering many high-level cabinet members. Last week, he further ordered the creation of a strategic Bitcoin reserve and a separate digital asset reserve. These moves indicate $TRUMP is accelerating efforts to fulfill its commitment to make the U.S. a global crypto hub.


Trader's Perspective: Opportunities in Uncertainty

For traders, this decree is a long-term optimistic signal. Easing banking regulations could attract more institutions into the market, driving up the prices of Bitcoin and altcoins after the current volatility phase. On Binance, if stablecoins are 'freed' from security labels, trading volumes could skyrocket. However, in the short term, traders need to be cautious as legal challenges and reactions from the Fed could create turbulence.


Simple Explanation: Why Does It Matter?

If you're new to crypto, think of it this way: Operation Chokepoint 2.0 is like a 'closed door' making it difficult for crypto companies to borrow money or open bank accounts. Trump's decree aims to 'open the door' again, helping the industry grow more easily. With stablecoins, if they are not considered securities, issuers will face less scrutiny from the SEC, facilitating smoother transactions.


Conclusion: Bold Move but High Risks

Trump's plan to sign a decree ending 'debanking' is a bold move, promising to usher in a new era for crypto in the U.S. However, with the Fed's independence and legal hurdles, the road ahead is not easy. For Binance users, this is a time to closely monitor and be ready to seize opportunities if the policy is passed.


Risk Warning: Investing in cryptocurrency carries high risks due to price volatility and legal uncertainties. Only invest what you are willing to lose and always stay informed to make timely decisions.