Trump wants to punish banks for refusing to serve crypto companies

According to the draft decree, financial regulators will have to investigate cases of violations of the Equal Credit Opportunity Act, antitrust legislation, and consumer financial protection laws. Authorities should be granted the right to impose various penalties, including fines, on counterparties who have been found to be engaged in such practices.

The Wall Street Journal reminded that the fight against the debanking of crypto companies was one of Trump's campaign promises, who threatened to put an end to "Operation Choke Point 2.0." This term refers to a set of measures taken during President Joe Biden's administration aimed at distancing crypto companies from the financial market.

The magazine's interlocutors reported that the current administration of the White House had already considered the possibility of adopting the measures described in the draft decree more than a month ago, but postponed them for a later time.

Earlier, the founder and executive chairman of the American company Strategy, Michael Saylor (Michael Saylor), called on US authorities to create an official classification of cryptocurrencies. He described the absence of such a classification as an obstacle to increasing investments from corporate investors in digital assets.