Former President Trump condemned the practice of debanking crypto companies, blaming it on the Biden administration. He believes banking regulators intimidate these firms rather than banks taking the actions independently. Trump insists the situation remains a pressing issue and emphasizes the need for protective measures.
There could be an executive order from the White House aimed at preventing the regulatory targeting of crypto businesses. Trump noted that discussions are underway to address this issue, reflecting his belief that big banks are cautious due to fears of regulatory repercussions.
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