Banking players expand crypto operations in the US
Easing regulations for crypto and Bitcoin have attracted banks and financial institutions to the US, and supported crypto firms to explore the traditional financial market.
A report from the Wall Street Journal cites that recent national adoption in the developing industry is influencing the stance of financial institutions. Since Donald Trump became the president in the US, he fostered a recent regulatory calm that sparked the interest of banks in expanding crypto operations in the country.
In the first three months of his second term, Trump set in motion several policy changes and executive actions with far‐reaching consequences for the cryptocurrency sector. For example, the Trump administration decided to dissolve…
