Despite the recent positive wave of legislation, the cryptocurrency industry may still face issues related to lower issues, according to crypto regulatory experts and industry leaders.
The collapse of crypto-friendly banks sparked the first charges in early 2023 Operation Chokepoint 2.0. Critics, including venture capitalist Nic Carter, describe it as a government effort Pressure banks cut off bonds With cryptocurrency companies.
Despite many crypto-positive decisions made by U.S. President Donald Trump, including the use of Bitcoin on March 7 (BTC) Seizure in government criminal cases Establish a national reservethe industry may still face banking problems.
“It’s too early to say it,” said Caitlin Long, founder and CEO of Custodia Bank. Chain Daily x Performance on March 21:
“There are two crypto-friendly banks currently undergoing federal inspections, and a group of examiners are being sent to these banks, including examiners from Washington, examiners from Washington, and a bank that has just suffocated.”
source: COINTELEGRAPH
“The Fed is an outlier, and the Fed is still controlled by the Democrats,” Long explained.
“Trump won’t appoint a new Fed governor until January. So you can see that breadcrumbs can lead to a possible big fight. Because if the OCC and the FDIC overturned their anti-Criputo guidance, but the Fed didn’t, where would that leave us?”
It’s very Custodia Bank She explained that this was repeated targeting of the U.S. withdrawal measures, which cost months of work and “millions of dollars.”
Industry anger at alleged exit Arrived on crescendo When the June 2024 lawsuit was led by Coinbase, letters were released showing us bank regulators asking certain financial institutions to “suspend” crypto banking activities.
Related: FDIC Chairman, ‘Chokepoint 2.0’ Architects of Operation Martin Gruenberg will resign on January 19
Crypto Debanking is the biggest operational problem in the EU: Blockchain Regulatory Consultant
according to Anastasija Plotnikova, co-founder and CEO of blockchain regulatory company Fideum.
“We live in 2025, and Debanking remains one of the major operating issues for small and large cryptocurrency companies,” Plotnikova said.
“Crypto Debanking is also a problem in the EU. My account was closed in 2017, 2018, 2019, 2021 and 2022, but 2024 was a good year. Operationally speaking, these issues are all with users and cryptocurrency companies operating.”
Related: Paolo Ardoino: Competitors and politicians intend to “kill Tether”
Comments were published two weeks after the Office of the Auditor General of the U.S. Currency (OCC) just after U.S. President Donald Trump vows to end The prolonged crackdown has restricted access to banking services by cryptocurrency companies.
Trump’s remarks are Made during White House Crypto Summitwhere he told industry leaders that he “ends the Chokepoint 2.0 action.”
source: Elon Musk
At least 30 founders of technology and crypto Being “secretly exploded” CoIntelegraph reported in November 2024 that in the Chokepoint 2.0 operation, in the United States.
https://www.youtube.com/watch?v=jmqj01_zka8
Magazine: SEC’s turnaround on cryptocurrencies leaves key issues
