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Crypto Industry Hopes Trump Can Finally Get Them Bank Accounts.

Authors :
Au-Yeung, Angel
Source :
Wall Street Journal - Online Edition. 12/12/2024, pN.PAG-N.PAG. 1p.
Publication Year :
2024

Abstract

The crypto industry is seeking to repair its relationship with big banks, as many banks have distanced themselves from crypto companies following past failures. With Donald Trump's election win, there is hope for a fresh start, as he plans to create a national bitcoin stockpile and establish regulatory policies. However, banks have continued to close accounts and refuse to work with crypto companies, prompting a pressure campaign led by figures like Marc Andreessen and Elon Musk. Congressional committees are now looking into the issue of banking access for crypto businesses, highlighting the ongoing challenges faced by the industry. [Extracted from the article]

Details

Language :
English
Database :
Academic Search Index
Journal :
Wall Street Journal - Online Edition
Publication Type :
News
Accession number :
181578888