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US President Donald Trump is reportedly preparing an executive order to penalize banks that discriminate against crypto transactions. The move aims to address longstanding banking barriers faced by the crypto industry. This could significantly expand banking access for crypto businesses globally.
- The executive order would introduce fines for US banks that refuse to process crypto-related transactions, particularly fiat-to-crypto conversions.
- Crypto advocates suggest the move could open global banking access for crypto businesses, addressing long-standing industry challenges.
- The order responds to concerns over 'Operation Chokepoint 3.0,' an alleged banking initiative to restrict financial services for crypto entities.
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