President Donald Trump has signed an executive order aimed at combating banking discrimination against cryptocurrency companies. This move is part of a broader strategy to support digital assets.
Goals of the Order
The order signed by Trump targets banks that refuse to provide services to cryptocurrency firms, including Bitcoin. The goal is to enhance banking access for the digital asset sector in the U.S.
Regulatory Changes
This order is expected to lead to changes in how banks operate and how cryptocurrency firms engage with them. It aims to increase access to banking and payment services for tokens and cryptocurrencies, addressing financial barriers and supporting sector innovation.
Expert Opinions
Experts within the cryptocurrency industry have expressed varying views regarding the order. Some believe it will improve liquidity and the market overall. Tyler Winklevoss, co-founder of Gemini, remarked: 'Jamie Dimon and his cronies are trying to undercut President Trump's mandate to make America the pro-innovation and the crypto capital of the world.'
Trump's signed order has the potential to change the interaction between banks and cryptocurrency firms, potentially expanding the market and providing greater support for innovation in the digital asset sector.
