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TRON President Trump plans to sign an executive order penalizing financial institutions for "debanking," where institutions deny banking services for various reasons, such as ideology. The order aims to address concerns over unfair treatment of businesses like gun manufacturers and crypto companies. Additionally, a group of bank associations is attempting to block banking licenses for digital asset firms, including Ripple and Fidelity. This move signifies the growing overlap between traditional banks and crypto firms, leading to increased competition in the financial industry. The executive order and banking application disputes illustrate the evolving dynamics in the financial sector regarding crypto integration and regulatory challenges. [Original Post] Generated by DMK News Bot
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Source: cointelegraph.com (Read Full Article)
Vitalik Buterin reclaims ‘onchain billionaire’ crown as Ether tops $4.2K
Vitalik Buterin’s net worth could be bolstered even more as crypto traders are eyeing new all-time highs for Ether in just days. Source: cointelegraph.com (Read Full Article)
Michael Saylor is not sweating the rise of Ethereum treasury companies
Michael Saylor isn’t worried about growing treasury interest in crypto assets beyond Bitcoin, claiming that Bitcoin will outpace the S&P 500 for the “indefinite future.” Source: cointelegraph.com (Read Full Article)
Embargo ransomware group moved $34M in crypto since April: TRM Labs
TRM Labs says the Embargo ransomware group has moved over $34 million in ransom-linked crypto since April, targeting US hospitals and critical infrastructure. Source: cointelegraph.com (Read Full Article)
Crypto debanking is ‘still occurring’ as banks stick to Chokepoint policies
Despite Trump’s pro-crypto stance, Unicoin CEO says US banks continue closing accounts for crypto firms under “Operation Chokepoint.” Source: cointelegraph.com (Read Full Article)