Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Trump Vows to End “Chokepoint 2.0” Crypto Bank Pressure

Trump Vows to End “Chokepoint 2.0” Crypto Bank Pressure

CoinEditionCoinEdition2025/03/07 16:00
By:Peter Mwangi

Trump announces U.S. Bitcoin reserve, funded by seized assets, no taxpayer money. Trump vows to dismantle “Operation Chokepoint 2.0” and support crypto businesses. U.S. plans to establish a crypto stockpile with potential for Ethereum and Solana.

  • Trump announces U.S. Bitcoin reserve, funded by seized assets, no taxpayer money.
  • Trump vows to dismantle “Operation Chokepoint 2.0” and support crypto businesses.
  • U.S. plans to establish a crypto stockpile with potential for Ethereum and Solana.

On March 7, 2025, the White House hosted its first-ever crypto summit, with President Donald Trump zeroing in on “ Operation Chokepoint 2.0 ” and its impact on the crypto industry. 

Trump announced a major policy change aimed at dismantling this initiative and fostering a more positive environment for crypto businesses.

“Wrongful Misuse” of Banking System, Trump Asserts

Trump condemned this practice, asserting that it had wrongfully misused the banking system against the industry. His administration now seeks to create a more positive environment for crypto businesses, promising regulatory clarity moving forward.

Related: Donald Trump Makes It Official: Strategic Bitcoin Reserve, Altcoin Stockpile Is Law

Coinciding with his pledge to dismantle “Operation Chokepoint 2.0,” President Trump also unveiled a strategic Bitcoin reserve initiative. This reserve, funded by using seized Bitcoins, is intended to position the U.S. as a major player in the crypto space.

Bitcoin Reserve to Act as “Store of Value”

David Sacks, the President’s crypto czar, confirmed on social media that the U.S. government holds around 200,000 Bitcoins, currently valued at over $17 billion. 

He emphasized that once these Bitcoins are placed in the reserve, they will remain untouched, serving as a store of value similar to the U.S. gold reserves.

Future Crypto Stockpile & Stablecoin Regulations

Looking ahead, Trump’s government plans to create a general crypto stockpile, which may include other digital assets such as Ethereum, XRP, and Solana. 

Moreover, he reiterated the need for clear stablecoin regulations, aiming for legislation before Congress’s summer recess.

Related: US Crypto Czar Mulls Bitcoin Reserve; Price Faces Key Technical Test

Trump noted that clear regulations will create continued growth and innovation in the financial sector solidifying the U.S. leadership in the crypto market. However, his immediate focus at the summit was undeniably on reversing “Operation Chokepoint 2.0” and its chilling effect on crypto banking.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

XRP News Today: SBI's XRP Bet Stands Strong Amid Blockchain Expansion Surge

- SBI Holdings reaffirms XRP's strategic role in cross-border payments despite new blockchain partnerships with Chainlink, Circle, and Startale. - Chainlink's CCIP and compliance tools enhance SBI's infrastructure, but XRP remains critical for live corridors like Japan-Philippines due to cost efficiency. - SBI's ventures include USDC adoption with Circle and RWA tokenization with Startale, aiming to merge traditional finance with DeFi for 24/7 trading. - XRP's $2.92 price resilience and $176B market cap re

ainvest2025/08/27 20:42
XRP News Today: SBI's XRP Bet Stands Strong Amid Blockchain Expansion Surge

Ethereum News Today: VersaBank Aims to Redefine Digital Banking with FDIC-Backed Tokenized Dollars

- VersaBank USA launches tokenized deposit pilot using USDVBs, FDIC-insured digital tokens backed by cash deposits. - Pilot tests thousands of low-value transactions on Algorand, Ethereum, and Stellar blockchains via proprietary platforms. - Bank seeks OCC non-objection to commercialize USDVBs, emphasizing compliance with BSA and OFAC regulations. - USDVBs differ from stablecoins by offering bank-issued interest and enhanced security through federal charter. - Program aims to establish VersaBank as a leade

ainvest2025/08/27 20:42
Ethereum News Today: VersaBank Aims to Redefine Digital Banking with FDIC-Backed Tokenized Dollars

NVIDIA’s Earnings Highlight the Cost of the China-US Tech Standoff

- NVIDIA’s Q2 revenue hit $46.7B, exceeding estimates but showing slower growth amid AI market stabilization. - Data center revenue ($41.1B) fell slightly short of forecasts, while gaming revenue ($4.3B) outperformed expectations. - U.S.-China trade tensions reduced China-related revenue and imposed a 15% U.S. government revenue-sharing agreement. - Gross margins are projected to decline to 72.1% in Q2, with further dips expected due to the new revenue-sharing terms. - Despite challenges, NVIDIA announced

ainvest2025/08/27 20:42
NVIDIA’s Earnings Highlight the Cost of the China-US Tech Standoff

Ethereum News Today: Ethereum's Staking Unlock Ignites Altcoin Hunt for Hidden Gains

- Investors target high-potential altcoins like MATIC, Dogecoin, and APT as MAGACOIN FINANCE's presale nears completion with rapid sellouts. - Ethereum's $2B staking unlock risks volatility, potentially redirecting capital to smaller projects amid $4,000 support level uncertainty. - Fed rate decisions and liquidity shifts amplify market uncertainty, with MAGACOIN FINANCE's discounted entry points attracting capital during macroeconomic turbulence. - Ethereum's $13B ETF inflows and institutional adoption co

ainvest2025/08/27 20:42
Ethereum News Today: Ethereum's Staking Unlock Ignites Altcoin Hunt for Hidden Gains