Trump may sign a cryptocurrency-related executive order this week to repeal bank restrictions on cryptocurrency companies

Sources revealed that Trump plans to sign an executive order as early as this week to overturn the Biden administration's policy of restricting crypto corporate banking services, especially "Operation Chokepoint 2.0."

Sources said the order may involve the Federal Reserve's "master account" policy to relax access to crypto banks.

However, as an independent agency, the Federal Reserve's policies are generally not directly affected 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 potential legal obstacles to the executive order and then submit it to President Trump for signature.