Recently, the U.S. government took an important measure aimed at protecting the Crypto Assets industry from unfair financial discrimination. This action stems from rising concerns that the digital asset sector is facing an unreasonable "de-banking" dilemma.

On Thursday, the President of the United States signed an executive order aimed at preventing federal regulators from taking discriminatory actions against financial institutions that do business with Crypto Assets companies. A fact sheet released by the White House emphasized that this unfair practice not only undermines public trust in banks and regulators but also imposes a heavy economic burden on law-abiding American citizens, affecting their livelihoods and wage payments.

A key point of this order is the removal of "reputational risk" as a justification for increased regulation. Although the order does not specifically mention Crypto Assets, industry insiders generally believe that this concept has often been used to target the Crypto Assets industry.

For a long time, Crypto Assets businesses and individuals have frequently reported issues with banks closing their accounts without reason. The issuance of this executive order is seen as fulfilling the commitment to end the so-called "Operation Choke Point 2.0," aiming to address this long-standing problem that has troubled the industry.

This initiative has received widespread support from Republican lawmakers in Congress. The chairman of the House Financial Services Committee described it as an important step in the right direction, while senators also stated that the order will bring more transparency and accountability to the Crypto Assets industry.

This move indicates that the U.S. government is actively responding to the demands of the Crypto Assets industry, striving to create a fairer and more open financial environment. This is not only beneficial for the development of Crypto Assets companies but will also inject new vitality into the entire financial system, promoting innovation and fair competition.