The draft is part of the Trump administration’s ongoing efforts to address debanking, the practice where banks and financial institutions restrict or sever relationships with crypto businesses and clients allegedly based on political bias.
Concerns over debanking have led to executive actions aimed at ensuring crypto firms have fair access to financial services. In January, Trump signed an order directing agencies to remove regulatory hurdles and expand banking access for blockchain businesses.
In response, regulators previously accused of coordinating pressure on banks to cut ties with digital asset firms, a practice often called “Operation Chokepoint 2.0,” have begun rolling back restrictive policies.
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