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U.S. President Donald Trump is preparing to sign a new executive order on cryptocurrency, which could include major policy changes affecting crypto banking access and regulatory oversight.
The post Trump Expected to Sign Executive Order Supporting Crypto Banks appeared first on Kanalcoin.
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with [...]
The post Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses appeared first on Crypto Breaking News.
Following Blackrock, the largest asset manager globally, filing for a spot bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC), Ran Neuner, host of Crypto Banter, stated during an interview with Michelle Makori, lead anchor for Kitco News, that he believes the asset manager has “no malicious intent.” Neuner additionally expressed his [...]
The post Ran Neuner Believes Blackrock’s Bitcoin ETF Could Double Price Next Year, Dismisses ‘Malicious Intent’ Speculations appeared first on Crypto Breaking News.
Operation Choke Point was a controversial initiative by the U.S. Department of Justice that aimed to crack down on illegal activities involving payment processors. The program came under scrutiny during Congressional hearings, where lawmakers debated its impact on law-abiding businesses. One of the main lessons to be learned from these hearings is the importance of [...]
The post Key Takeaways from Operation Chokepoint 2.0 Congressional Hearings appeared first on Crypto Breaking News.
Documents released on Dec. 6 show the Federal Deposit Insurance Corporation (FDIC) asked banks to pause crypto-related activities.
Why regulators must be held accountable for the consequences of Operation Chokepoint 2.0.
Crypto founders have reported losing business accounts, with personal accounts also subject to debanking.
Peirce's reforms prioritize stopping practices like Operation Chokepoint 2.0, which critics say undermine cryptos banking access.
In a recent Joe Rogan interview, Mark Andreesen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.
In a recent Joe Rogan interview, venture capitalist Marc Andreessen revealed that the debanking of tech firms caused the Silicon Valley shift toward Trump.
Frax Finance was allegedly among the crypto companies targeted by the debanking effort, according to the platforms founder.
The FDIC Chairman one of the main orchestrators of Operation Chokepoint 2.0 cant leave fast enough.
Not investigating Operation Chokepoint 2.0 would create a dangerous precedent where regulatory bodies can suppress whoever they disfavor, Deaton stressed.
Lummis called the alleged FDIC actions illegal, demanding the preservation of records linked to crypto activities since January 2022.
"You must ensure your staff cease and desist destruction of all materials and end retaliatory actions immediately," Lummis wrote.
Bitcoin (BTC) surpassed the $30,000 resistance on June 21, or 40 days ago, after a notable 19.5% gain in a week. Since then, it has been moving within a range filled with occasional moderate corrections and BTC price trades near $29,300. While these consolidation periods are common in traditional markets, they tend to make crypto [...]
The post Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement appeared first on Crypto Breaking News.
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