Crypto’s Banking ‘Choke Point’ Could Ease Under Trump

The Information · Yueqi Yang · last updated November 18, 2024 – 4:07 AM

For the past two years, the crypto industry has griped that U.S. regulators are trying to kill it off by curbing its access to banks. That may change under President-elect Donald Trump.

Executives and investors are hopeful that the new administration will tell banking regulators to allow banks to expand access to the crypto industry. That could help more startups get up and running and make it easier for firms to handle money pouring into crypto as markets boom.

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