Insider Source Spoke! U.S. President Donald Trump Is About To Sign A New Cryptocurrency Decree! Here are the details

President Donald Trump is set to sign a new executive order later this week that could reverse the Biden administration's policies and reshape the cryptocurrency banking landscape.

According to sources close to the matter, the order could include directives allowing crypto banks access to the Fed's payment system and clarifying that stablecoins should not be classified as securities.

The executive order is expected to explicitly roll back regulatory measures related to "Operation Chokepoint 2.0," an alleged initiative under President Joe Biden that restricts banking services for cryptocurrency companies. Speaking sources said the Trump administration views these restrictions as detrimental to the growth of the digital asset industry.

Bo Hines, executive director of the White House Presidential Working Group on Digital Assets, confirmed that an order is in development but declined to provide details. "I think the industry can expect something shortly," Hines said.

One of the most significant implications of Trump's upcoming executive order could be a change in the Fed's stance on prime accountability to crypto-focused banks. The master accounts provide direct access to the Fed's payment system, a requirement for banks serving customers nationwide. Under the Biden administration, the Fed has consistently denied the main accounts of crypto-friendly banks like Custodia Bank, preventing them from operating effectively.

If implemented, a policy change that provides access to the Fed's payment system could represent a major breakthrough for the digital asset industry. However, the Fed is an independent agency, and its policies are not determined by the executive branch. According to the Fed's official policy, its decisions "do not require the approval of the president or anyone in the executive or legislative branches of government." This could pose a legal challenge to any directive that seeks to force the central bank to act.

According to the sources, senior White House officials will meet on Thursday to discuss possible legal hurdles before finalizing the executive order. The administration intends to ensure that the directive withstands legal review before it reaches President Trump's desk for signature.

The order is also expected to address stablecoins and reaffirm that they should not be classified as securities.

If signed, this would be the third cryptocurrency-focused executive order President Trump has issued since taking office.