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- Trump wins crypto bank license, White House seeks few good pirates
Trump wins crypto bank license, White House seeks few good pirates
One of President Donald Trump’s crypto projects is getting a United States bank license while the White House is seeking a few good pirates to help send crypto scammers to Davy Jones’ locker.
CoinGeek
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Aug 18, 2026 at 11:00 AM UTC · 12 Min. Lesezeit

One of President Donald Trump’s crypto projects is getting a United States bank license while the White House is seeking a few good pirates to help send crypto scammers to Davy Jones’ locker.
The Securities and Exchange Commission (SEC) raised some eyebrows last week when it abruptly cancelled its hotly expected ‘Reg Crypto’ meeting scheduled for Friday (14). The SEC cited an “unforeseen scheduling issue” and vowed to reschedule, although there’s still no word on a makeup date.
The meeting’s agenda had been promoted as an advancement of the SEC’s plan for “a tailored offering regime for certain investment contracts involving crypto assets.” This would include the long-promised ‘innovation exemption’ for various crypto projects, like tokenizing equities and the corresponding shift to 24/7 blockchain-based stock trades.
CoinDesk quoted sources saying concerns within the White House sparked the cancellation, with some individuals reportedly uneasy at the SEC starting down this road while the Senate’s digital asset market structure legislation (the CLARITY Act) awaits a September 15 cloture vote.
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