Trump may sign a cryptocurrency-related executive order this week to overturn banking restrictions on cryptocurrency firms.

BlockBeats News, March 11th, according to Decrypt, a source revealed that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy restricting crypto companies' access to banking services, especially "Operation Chokepoint 2.0."

The source said the order may involve the Federal Reserve's "master account" policy to ease crypto bank access. However, as an independent entity, the Fed's policies are usually not directly influenced by the White House. In addition, the executive order may cover stablecoin regulation, clarifying that stablecoins should not be considered securities. Senior White House officials plan to meet on Thursday to assess the potential legal obstacles of the executive order before submitting it for President Trump's signature.