Trump Halts Operation Chokepoint 2.0 to Restore Fair Banking for Crypto Firms
President Trump has signed the “Guaranteeing Fair Banking for All Americans” executive order, halting Operation Chokepoint 2.0. The order forbids banks from de-banking crypto firms based on political views, instead requiring objective, risk-based analysis. It assigns the Small Business Administration (SBA) to oversee compliance, bypassing the Federal Reserve and FDIC. Bitcoin and Ethereum saw price gains after the announcement. Crypto advocates Caitlin Long and Senator Cynthia Lummis praised the move, while analyst Nic Carter warned that banks may still cite risk management to justify de-banking. Carter urged greater regulatory transparency to fully eliminate Operation Chokepoint 2.0. Traders can expect improved banking access, enhanced liquidity, and increased institutional participation, boosting market stability.
Bullish
In the short term, halting Operation Chokepoint 2.0 and restoring fair banking services is likely to lift confidence and drive price gains for major cryptocurrencies. Traders may benefit from improved liquidity as banks resume onboarding crypto firms. Over the long term, institutional participation is expected to increase amid clearer regulatory oversight, solidifying market stability and growth. However, banks’ reliance on risk management caveats could limit immediate impact, making regulatory transparency a key factor for sustained bullish momentum.