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Federal Reserve, FDIC, and Office of the Comptroller of the Currency, in January 2023, following the collapse of FTX, jointly issued guidance discouraging American member banks from engaging with crypto and requiring them to notify regulators of any intention to do so

Crypto industry leaders reported being denied access to traditional banking services following the implementation of crypto-skeptical policies introduced after the FTX collapse

President Donald Trump, since retaking the office, has prioritized reversing what he and others have described as anti-crypto banking discrimination, commonly referred to as "Operation Chokepoint 2.0

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