Yigit Taha OZTURK 
President Donald Trump is preparing to sign a new executive order aimed at reversing regulations implemented during the Joe Biden administration, which made it difficult for crypto companies to access banking services. According to sources familiar with the matter who spoke to Decrypt, the executive order will directly target the restrictions placed on the crypto sector under Biden’s leadership.
This new directive from Trump is expected to explicitly roll back the measures introduced as part of “Operation Chokepoint 2.0.” This alleged initiative by the Biden administration aimed to block banking services for crypto companies and executives.
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Bo Hines, Executive Director of the White House’s Presidential Working Group on Digital Assets, confirmed to Decrypt that an administrative process is underway, although he declined to provide further details. Hines stated, “I think the industry can expect something in short order.”
Hines also emphasized that the Trump administration is determined to end all practices associated with Operation Chokepoint 2.0. The term was coined by Nic Carter, a partner at Castle Island Ventures, referencing the original “Operation Choke Point” initiated during the Barack Obama era, which targeted payday lenders and firearms dealers.
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