US Banks dey sustain crypto debanking under chokepoint policy
Crypto debanking no dey stop for US banks due to di longnda Chokepoint policy, even though President Trump promise say e go reverse dis. Unicoin CEO Alex Konanykhin talk say Citibank, JPMorgan Chase, Wells Fargo, City National Bank of Florida plus TD Bank don close Unicoin accounts without any explanation, including four closures for 2025. Andreessen Horowitz partner Alex Rampell dey warn say Chokepoint 3.0 dey come wey go increase data access fees and restrict transfers. Bloomberg talk say Trump go sign executive order wey go make regulators punish banks wey dey debank digital-asset firms and force SBA-regulated banks to reopen accounts wey dem wrongly deny. Legal expert Elizabeth Blickley talk say the 180-day timeline from Genius Act for stablecoin oversight plus final regulatory language go decide if real reform go happen. Dis crypto debanking wahala dey make firms lose basic banking services and increase compliance risk for digital-asset businesses. Till clear rules show, banks go still dey careful, limit access and hold back US competitiveness for digital assets.
Bearish
Di crypto debanking wey dey happen under di Chokepoint policy dey show say e get plenty operational and compliance wahala for digital-asset firms. For short term, traders fit face less liquidity and limited banking service, wey go cause market people to sell. For long term, any executive order or new stablecoin laws fit make access easier, but because timeline no clear and banks dey risk-averse, sentiment still negative, wey dey keep crypto market bearish.