President Donald Trump plans to sign an executive order overturning regulations that impacted crypto banking during Joe Biden’s administration. Industry insiders claim the order will target policies associated with “Operation Choke Point 2.0.”

This initiative, linked to Obama-era policies, allegedly limited access to banking for crypto firms. The Trump administration aims to lift these restrictions to benefit crypto-focused banks.

Details remain scarce, but the order seeks to address Federal Reserve policies on master accounts, essential for conducting transactions with the Fed. Currently, crypto-friendly banks like Custodia face challenges accessing these accounts.

A successful change could significantly reshape the digital assets landscape in the U.S. as crypto banks would gain necessary financial infrastructure.