The early moves by the Trump administration are offering the crypto industry clues about how regulation may evolve\u2014and the message seems clear: crypto might not be regulated as securities, and access to banking could become far easier.<\/p>\n\n\n\n
While critics say the administration has yet to deliver meaningful new rules, behind-the-scenes changes in enforcement and guidance point toward a more crypto-friendly approach that contrasts sharply with prior U.S. policy.<\/p>\n\n\n\n
Much of the crypto community has expressed frustration over a lack of specific guidance. Public events like the formation of a crypto task force, Trump\u2019s executive order on digital assets, and a rare press conference from crypto czar David Sacks have been criticized as more symbolic than substantive.<\/p>\n\n\n\n
However, the real story is unfolding in the policy reversals and enforcement choices being made by key federal agencies.<\/p>\n\n\n\n
One of the first major moves from the Trump administration targeted the crypto industry\u2019s long-standing banking access issues. Under Biden, many firms complained of losing banking relationships due to what some labeled \u201cOperation Chokepoint 2.0,\u201d referencing an Obama-era program that pressured banks to avoid certain high-risk industries.<\/p>\n\n\n\n
While it remains debated whether a formal policy against crypto banking ever existed, the industry widely believed that regulatory pressure effectively excluded them from the banking system.<\/p>\n\n\n\n
In contrast, the Trump administration acted quickly:<\/p>\n\n\n\n
Acting FDIC Chair Travis Hill emphasized that regulators should not use “reputational risk” as grounds for penalizing banks interested in crypto\u2014signaling a clear departure from the previous administration\u2019s tone.<\/p>\n","protected":false},"excerpt":{"rendered":"
The early moves by the Trump administration are offering the crypto industry clues about how regulation may evolve\u2014and the message seems clear: crypto might not be regulated as securities, and access to banking could become far easier. While critics say the administration has yet to deliver meaningful new rules, behind-the-scenes changes in enforcement and guidance […]<\/p>\n","protected":false},"author":10,"featured_media":10441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,43],"tags":[],"class_list":{"0":"post-14209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured","8":"category-general-news"},"acf":[],"yoast_head":"\n