Altcoins News

Story: US Banks Forced to Accept Crypto? Changpeng Zhao Backs White House Crackdown

By Sakamoto Nashi

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A White House Order With Major Implications. According to reports, the Biden successor administration—currently led by former President Donald…

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Changpeng Zhao Applauds the Executive Action. CZ, who stepped down from Binance’s leadership amid legal scrutiny last year, took to social media…

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Why Banks May Soon Have No Choice. The draft executive order reportedly directs US bank regulators to review financial institutions…

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Controversy Over Bank of America Example. While no banks are named directly in the draft, a widely cited case involving Bank of America…

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Targeting Chokepoint 2.0 Tactics. The move is being referred to in some circles as a crackdown on "Chokepoint 2.

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Could This Be Bigger Than the Bitcoin ETF Approval?. Some analysts are already calling this one of the most significant moves for crypto in…

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What Comes Next?. As of now, the executive order remains in draft form.

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In a move that could shake the foundations of traditional finance, the White House is reportedly preparing an executive order aimed at penalizing banks that discriminate against…

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The former Binance CEO, widely known as CZ, called the move a "global breakthrough" for the United States, claiming that banks will soon be unable to ignore the growing crypto…

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According to reports, the Biden successor administration—currently led by former President Donald Trump—plans to issue an executive order targeting financial institutions accused…

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While the order is still in draft form, the impact could be immediate. Banks that continue to drop clients for ideological or political reasons may face penalties, regulatory…

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“Get ready for the floodgates to open,” said crypto investor Paul Barron. “Institutional money is coming.”

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While he no longer leads Binance, CZ remains one of the most influential voices in crypto. His endorsement of the executive order signals a turning point for blockchain…

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Even more importantly, regulators would be expected to refer egregious cases to the US Attorney General, setting the stage for federal enforcement actions.

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This kind of federal oversight hasn’t been seen before in the context of crypto banking.

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