Recently, a significant piece of news emerged from Washington, attracting widespread attention in the Crypto Assets industry. It is reported that the U.S. government is preparing an executive order aimed at addressing the unfair treatment of Crypto Assets companies by the banking sector. This initiative could have far-reaching effects on the entire Crypto Assets ecosystem.



The core content of this executive order targets the behavior of banks refusing to provide services to Crypto Assets companies due to political factors or industry bias. If banks are found to engage in such discriminatory practices, they may face severe penalties, including fines and legal action.

This policy change reflects a significant shift in the attitude of the U.S. government towards the Crypto Assets industry. In recent years, many well-known Crypto Assets platforms have faced the arbitrary closure of their bank accounts, which has severely hindered the industry's development. However, with the introduction of the new policy, this situation is expected to fundamentally improve.

It is worth noting that this executive order is not an isolated policy initiative. Earlier this year, the United States passed a bill allowing banks to offer encryption custodial services, and the Federal Reserve also lifted restrictions on banks servicing crypto enterprises. This series of measures indicates that the barriers between traditional finance and Crypto Assets are gradually being eliminated.

For ordinary investors, these policy changes may bring various positive impacts. Firstly, the fiat channels of crypto asset exchanges are expected to become more stable and reliable. Secondly, with the clarification of the regulatory environment, more institutional funds may flow into the crypto asset market. In addition, the increase in market confidence may drive up the prices of mainstream crypto assets such as Bitcoin and Ethereum.

However, we should also recognize that despite the improving policy environment, the Crypto Assets market still carries risks and uncertainties. Investors should remain cautious and implement risk management when participating in the market.

Overall, this upcoming executive order may become an important milestone in the development of the Crypto Assets industry. It not only helps to address the long-standing issue of banking discrimination but may also pave the way for the future development of the entire industry. With the ongoing improvement of the policy environment and the continuous influx of institutional funds, the long-term growth potential of the Crypto Assets market remains promising.
BTC1.41%
ETH0.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
MindsetExpandervip
· 08-08 09:01
Bull, this policy has really been long awaited.
View OriginalReply0
ForkTroopervip
· 08-07 20:49
Bull, finally changed its nature.
View OriginalReply0
Frontrunnervip
· 08-07 16:08
This bull run is stable!
View OriginalReply0
ChainSauceMastervip
· 08-05 09:51
A migrant worker earning over ten thousand a month is nothing special.
View OriginalReply0
MetaLord420vip
· 08-05 09:51
Bull, this time the US is doing serious business.
View OriginalReply0
HodlBelievervip
· 08-05 09:50
The cash flow analysis is just the beginning of institutional entry.
View OriginalReply0
FUD_Whisperervip
· 08-05 09:47
Still need regulation? Let the coin price fly freely!
View OriginalReply0
RetiredMinervip
· 08-05 09:46
It's bull run time again, pump it up!
View OriginalReply0
LiquidatedDreamsvip
· 08-05 09:44
Now the banks won't dare to act recklessly, right?
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)