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U.S. President Donald Trump plans to sign a new cryptocurrency-related executive order as early as this week, aimed at repealing the Biden administration’s “Operation Chokepoint 2.0” policy, which has been accused of restricting crypto companies’ access to banking services. Bo Hines, Executive Director of the White House Digital Assets Task Force, confirmed that the order is in the works and may involve adjustments to the Federal Reserve’s policies on master accounts for crypto banks, allowing them access to the Fed’s payment system. Sources say the order could also include directives clarifying that stablecoins should not be classified as securities. (Decrypt)
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