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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.

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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.

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