Trump signs executive order to halt crypto industry's banking services being cut off

According to Golden Finance, former US President Trump signed an executive order on Thursday prohibiting federal regulators from blocking banks from providing services to the cryptocurrency industry on the grounds of "reputation risk". The White House stated that previous unfair practices have damaged public trust in the financial system and caused economic harm to law-abiding citizens. This move is seen as an important step towards ending the "Chokepoint 2.0" operation, which "cut off" bank accounts in the cryptocurrency industry. The Federal Reserve and other regulatory agencies have promised not to evaluate customer relationships based on "reputation risk" anymore. Several Republican lawmakers have expressed support for this move, stating that the executive order will help curb financial discrimination and restore regulatory transparency.