President Trump’s upcoming executive order targets Biden-era anti-crypto banking rules, particularly policies linked to ‘Operation Chokepoint 2.0.’ This initiative has stifled banking access for crypto firms. Bo Hines, Executive Director of the Presidential Working Group, has confirmed the order is being prepared.

In addition, the order is expected to affect Federal Reserve policies concerning master accounts for crypto banks, which are essential for operational growth. It also likely states that stablecoins should not be treated as securities, clarifying their status in the financial ecosystem.