Maybe a crypt decree this week
We all agree that the latest announcement of Trump, especially the highly expected crypt reserve, did not have the expected effect on the market. Yet the US President could soon try this experience.
According to sources close to the latter, Donald Trump is preparing to sign the abolition of the Chokepoint 2.0 operation designed last year by Biden Administration. We remind you that it was intended to reject the banking services of crypto problematic companies. Consensys had, among other things, a victim and saw his accounts closed without possible negotiations.
According to the old administration, the program has never been established … at least officially. It is even said that previous regulators have been destroyed by documents to hide the measure. Suddenly, the US Congress has been investigating since January with the help of victims, but with Donald Trump, the actors will no longer have to worry about him.
In this process, the House of Representatives of the United States will now meet with the aim of abolishing the regulations aimed at expanding the duties of the Defi platform. Accordingly, the providers also had to record their users and track their transactions. Doesn’t it remind you of anything?
Political maneuvering more than anything else?
By authorization of crypto companies to fully use the banking services Donald Trump again plays clearing with Fed. He previously refused to award the main accounts to banks offering crypto services. These allow transactions directly with a federal reserve reserve, but also better costs and warranty.
This initiative would be a threat to the Fed once again the threat that Trump wants to push. According to Anthony Pomplian, the president tries to get him to go in the direction he wants, especially by lowering different markets. This would cause Jerome Powell to reduce interest rates. And who says low interest rate and uncertain markets, says a new date for repayment of US debt!
However, this game has great support. Cathie Wood, CEO of Ark Invest, therefore believes that these operations could allow a deflationary boom in the second half of 2025.
History Morale: The economy does not change the crypto regulation, with the exception of Donald Trump.
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