Trump may sign an executive order related to cryptocurrency this week, abolishing banking restrictions on cryptocurrency companies

On March 11th, according to Decrypt, sources revealed that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy of restricting encrypted corporate banking services, particularly "Operation Chokepoint 2.0". Sources say that the order may involve the Federal Reserve's "main account" policy, relaxing access to encrypted banks. However, as an independent institution, the Federal Reserve's policies are usually not directly influenced by the White House. In addition, the executive order may cover stablecoin regulation, clarifying that stablecoins should not be considered securities. Senior White House officials plan to meet on Thursday to assess potential legal obstacles to the executive order, which will then be submitted to President Trump for signature.