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Ahmed Balaha

Trump Pressures US Banks on Crypto as CLARITY Act Stalls and Bitcoin Tops $71,000

On March 3, President Donald Trump warned major US banks to stop restricting crypto activity, tying their resistance to the stalled CLARITY Act and accusing them of undermining his digital asset agenda. At the same time, the crypto market cap moved above $2.4 trillion, with Bitcoin rising over 6% to reclaim the $71,000 level amid broader risk-off sentiment in traditional markets. The administration also moved to unwind Operation Choke Point 2.0 by repealing OCC Interpretive Letter #1179 on March 1, aiming to reopen banking access for crypto firms.
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