In a move cheered by digital asset advocates, Trump signed the ‘Guaranteeing Fair Banking for All Americans’ executive order on August 7, 2025, formally prohibiting federal agencies and banking regulators from denying lawful businesses – crypto included – access to financial services.

The measure directly dismantles what many in the industry have called Operation Chokepoint 2.0 – a quiet but persistent effort to prevent crypto companies and key individuals from claiming certain financial resources.

Ending the Era of Politicized Debanking

For years, crypto companies have faced account closures, blocked payment rails, and frozen funds – not because of illegal activity, but due to regulatory hostility and risk-averse banking practices.

For crypto proponents, the moves indicated clear resentment. Debanking a political tool to throttle industries that agencies disfavored, with crypto caught squarely in the crosshairs.

The new executive order changes that. It:

Bans politicized or unlawful debanking, ensuring banks and payment providers can’t cut off lawful crypto companies without clear, legitimate grounds.
Directs the Treasury, FDIC, OCC, and Federal Reserve to review and update guidance so that crypto firms are assessed on the same risk-based criteria as other businesses.
Establishes clear compliance channels so legitimate businesses can dispute and reverse unwarranted account closures.

In Trump’s own words, the order ends Operation Chokepoint 2.0.

‘“Operation Chokepoint,” for example, was a well-documented and systemic means by which Federal regulators pushed banks to minimize their involvement with individuals and companies engaged in lawful activities and industries disfavored by regulators based on factors other than individualized, objective, risk-based standards.’

This follows other high-impact crypto orders from his administration, including the creation of a U.S. Strategic Bitcoin Reserve and his recent move to open 401(k) retirement accounts to alternative assets like Bitcoin and Ethereum.

Immediate Market Impact

Markets wasted no time reacting. Within hours:

Bitcoin climbed roughly 2% – still up 0.5% for the day.
Ethereum gained nearly 6% and remains up 4%.
Altcoins including Solana, XRP, and Avalanche posted green as sentiment improved across the board.

The rally reflects more than just short-term optimism. It’s a sign that traders see this policy as removing a long-standing hindrance for institutional adoption. With traditional banking barriers removed, U.S. exchanges, payment providers, and crypto startups can operate with greater confidence and stability.

But there’s an even better alternative out there – and that’s to ditch traditional banking altogether.

Best Wallet ($BEST) – The Web3, Non-Custodial Way Forward

While improved access to banking is welcome news, the heart of crypto’s value proposition remains self-custody – putting you in full control of your own assets.

That’s where Best Wallet comes in.

Best Wallet and the Best Wallet Token ($BEST) give crypto investors all the tools they need to store, swap, sell, trade, and spend their crypto assets. Security is top-notch, powered by full biometrics and MPC; you always keep your keys.

In Best Wallet, you can set up to five individual crypto wallets, using them for assets like $BTC or $ETH among others. Best of all, there’s a dedicated ‘Upcoming Tokens’ section where you can find a curated list of the best upcoming crypto presales. Research and buy tokens before they go public for max gains.

There’s more yet to come: the roadmap calls for a Best Card to add to the Best Wallet and Best Token.

The presale pushed past $14.5M, and tokens currently cost $0.025455.

Visit Best Wallet Token ($BEST) to learn more.

A New Chapter for U.S. Crypto

Trump’s latest executive order stops a harmful practice and signals a structural shift in how the U.S. treats digital assets. Paired with his 401(k) crypto order, the U.S. Strategic Bitcoin Reserve, and prior directives promoting leadership in digital finance, this latest executive order demonstrates a clear pro-crypto agenda.

With the rails opening up and regulations moving in crypto’s favor, the next big wave could be just ahead – and having the right (Best) wallet could make all the difference.

Do your own research before investing; this isn’t financial advice.

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Filed under: Bitcoin - @ August 8, 2025 3:19 pm