US President Donald TrumpHe is preparing to sign a presidential decree involving a penalty threat, describing the closure of customer accounts as “discrimination ıyla due to financial institutions because of crypto money companies and political opinions. The said decree is directed to the regulators to investigate whether the law of an equal credit opportunity is violated by the laws of antitröst and consumer protection. Banks will be implemented with fines or disciplinary measures, while Small Business Administration will review credit applications. The decree can be signed this week, but it is stated that it is open to timing or content change.
New Decree Preparation for Crypto Coins from President Trump
The Wall Street Journal The draft text of the decree he reached It aims to keep financial institutions from cutting customer relations for political reasons. Banks are asked to stop moving under the pretext of reputation risk. Federal Reserve (Fed), OCC And FDIC also made similar commitments. The regulators will now be asked to check whether any bank has violated equal credit laws.
Decree, Operation Choke Point 2.0 It also targets the allegations of removing the banking. The first initiative in 2013 imposed similar sectoral restrictions. The new decree contains both regulatory and criminal sanctions. Small Business Administration will re -examine the credit partner applications.
Moreover, the presidential decree prepared for the signature shows the authorities for the policy change. The regulators are asked to remove contracted arrangements.
Dark clouds in the crypto currency industry may disintegrate
Crypto Money Companies He has been expressing his complaints for a long time regarding the issue of removal from banking services. Coinbase, Crake And Uniswap Labs Such leading companies gave many information in this direction in the investigations of the US Congress. As it is known, the US House of Representatives, which started in March, investigates the account closure of the account. So far, many important names from the sector shared their experiences.
Donald Trump’s son Eric TrumpBitcoin 
$114,988.95 He said that the bank accounts were closed during the period when he founded the mining company. He criticized the decision, claiming that their political connections played a role in this decision. Industry leaders also say that banks set the risk of money laundering.
Crypto money companies demand solutions by complaining about regulatory uncertainties. Sector representatives argue to clarify the legal framework instead of political interventions. For this reason, the presidential decree in which Trump is preparing to sign Crypto Money Market quite valuable for. On the other hand, financial institutions continue to complain about the height of compliance costs.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
