according to Cointelegraph, Unicoin CEO Alex Konanykhin revealed that despite the Trump administration's support for the crypto position, US financial institutions such as Citibank and JPMorgan are still unreasonably closing accounts of crypto companies. Unicoin and its subsidiaries have been terminated by four banks this year, including Wells Fargo, City National Bank of Florida, and TD Bank.

The Trump administration is planning to sign an executive order requiring federal banking regulators to review such actions. Industry experts point out that substantive changes will require specific regulatory guidelines, and currently banks still maintain a risk-averse attitude towards crypto businesses.