In the latest information report, the Yueqi Yang Corporation claimed that some large banks are preparing to embrace the encryption sector during the era of US President Donald Trump’s position. The arrival of the cryptocurrency to the banking sector can provide a large boost to the financial sector.
According to the report, the bread sector is mainly focused on coding custody. “Coinbase holds talks with banks to provide custody and trade services, but many banks still have to obtain organizational approval from the Federal Reserve and the Ministry of Financial Services in New York and face organizational capital considerations, which slow their entry into the trading of encryption,” Wow Blockchain mentioned in mail On x.
The new executive request opens the door for banks to integrate encryption
“If the rules come and make them a real thing you can actually deal with, you will find that the banking system will come strongly on the side of the transactions from it,” said Brian Mounehan, CEO of Bank of America.
On January 23, 2025, President Trump signed an executive order.Promote American leadership in digital financial technology“, Which directs” responsible growth, use of digital assets, Blockchain technology and relevant technologies in all sectors of the economy. ”
This executive order canceled the previous executive order 14067 (“” Security of the responsible development of the digital assets “) presented by the previous hostile government. The encryption industry will help to obtain organizational clarity, financial inclusion and protect Blockchain -based activities.
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