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Trump may sign a cryptocurrency-related executive order this week, abolishing bank restrictions on cryptocurrency companies

According to online reports, sources revealed that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy of restricting banking services for crypto companies, especially "Operation Chokepoint 2.0." Sources said the order may involve the Federal Reserve's "master account" policy to relax access to crypto banks. However, as an independent institution, the Federal Reserve's policies are usually not directly influenced by the White House. In addition, the executive order may cover the regulation of stablecoins, clarifying that stablecoins should not be regarded as securities. Senior White House officials plan to meet on Thursday to assess potential legal obstacles to the executive order before submitting it to President Trump for signature.

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