Trump boast of ending Biden’s Operation Choke Point 2.0
The post Trump boast of ending Biden’s Operation Choke Point 2.0 appeared on BitcoinEthereumNews.com. President Trump spoke at the Coinbase Crypto Summit today, taking credit for ending Operation Choke Point 2.0. He also pledged to implement clear-cut regulations to help the US lead the future of crypto and Bitcoin. He commented, “We will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin.” Trump spoke on his crypto achievements at the summit Speaking at the summit, Trump claimed he ended Biden’s administration’s war on crypto, the so-called Operation Choke Point 2.0. The name came about after industry analysts drew parallels to a 2013 federal campaign that sought to exclude high-risk businesses—such as firearms dealers and sellers of drug paraphernalia—from the banking system. During Biden’s tenure, crypto experts complained that the country’s financial regulators and banks had it in for them. They argued that banks especially imposed lengthy onboarding processes, rejected smaller companies’ applications, or disengaged from the crypto industry entirely. Trump stated that he ended the unfair war on crypto and empowered American innovators to push boundaries and lead the world into the future. He also appreciated that some acknowledge him as the first crypto president, calling it a “big honor.” Additionally, he asserted that he created the first presidential working group to discuss digital assets and named a new pro-innovation Securities and Exchange chair, Paul Atkins. He also said that he helped to establish the first Bitcoin strategic reserve and digital asset stockpile Moving forward, he claimed he wanted to create more dollar-backed stablecoins and set up more regulations to allow the country to lead the future of crypto and Bitcoin. After his remarks, Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire discussed their firms’ evolution and the broader crypto space, agreeing that digital currencies are on track to serve a…
The post Trump boast of ending Biden’s Operation Choke Point 2.0 appeared on BitcoinEthereumNews.com.
President Trump spoke at the Coinbase Crypto Summit today, taking credit for ending Operation Choke Point 2.0. He also pledged to implement clear-cut regulations to help the US lead the future of crypto and Bitcoin. He commented, “We will be working to create clear and simple market frameworks that will allow America to dominate the future of crypto and Bitcoin.” Trump spoke on his crypto achievements at the summit Speaking at the summit, Trump claimed he ended Biden’s administration’s war on crypto, the so-called Operation Choke Point 2.0. The name came about after industry analysts drew parallels to a 2013 federal campaign that sought to exclude high-risk businesses—such as firearms dealers and sellers of drug paraphernalia—from the banking system. During Biden’s tenure, crypto experts complained that the country’s financial regulators and banks had it in for them. They argued that banks especially imposed lengthy onboarding processes, rejected smaller companies’ applications, or disengaged from the crypto industry entirely. Trump stated that he ended the unfair war on crypto and empowered American innovators to push boundaries and lead the world into the future. He also appreciated that some acknowledge him as the first crypto president, calling it a “big honor.” Additionally, he asserted that he created the first presidential working group to discuss digital assets and named a new pro-innovation Securities and Exchange chair, Paul Atkins. He also said that he helped to establish the first Bitcoin strategic reserve and digital asset stockpile Moving forward, he claimed he wanted to create more dollar-backed stablecoins and set up more regulations to allow the country to lead the future of crypto and Bitcoin. After his remarks, Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire discussed their firms’ evolution and the broader crypto space, agreeing that digital currencies are on track to serve a…
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