Recently, David Sacks, the White House's head of artificial intelligence and cryptocurrency affairs, expressed his dissatisfaction with major banking institutions in the United States on social media. He pointed out that several top banks still prohibit or restrict access to Bitcoin ETFs on their wealth management platforms.



Sacks questioned in his statement: "Why are leading banks in the U.S. still hindering customers' access to Bitcoin ETFs? Does this mean the trend of 'de-banking' is still ongoing?"

This statement has sparked widespread discussion in the Crypto Assets community. Many believe that traditional financial institutions' attitudes towards emerging digital assets reflect their concerns about potential competition. At the same time, there is also a view that banks' cautious approach may stem from concerns about the volatility of the Crypto Assets market.

With the regulatory approval of the Bitcoin ETF, it provides ordinary investors with a relatively safe way to access this emerging asset class. However, the restrictive measures from large banks may affect their clients' opportunities to participate in this market.

Sacks' public questioning undoubtedly adds new attention to this controversial topic. As a senior official at the White House, his views may influence future policy-making. This incident also highlights the ongoing tension between the traditional financial system and emerging digital assets.

In the future, how the banking industry balances innovation and risk management, and how regulatory agencies respond to this contradiction, will be an important issue in the financial sector.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
notSatoshi1971vip
· 17h ago
If you're scared, just say it; I have nothing to do every day but play restrictions.
View OriginalReply0
CryptoComedianvip
· 08-10 10:51
Bank: Not allowing retail investors (suckers) to buy ETFs, secretly buying to Get Liquidated.
View OriginalReply0
ResearchChadButBrokevip
· 08-10 10:51
Traditional banks are playing this trap again, are they scared?
View OriginalReply0
SchrodingerWalletvip
· 08-10 10:42
Who are traditional banks with?
View OriginalReply0
MrDecodervip
· 08-10 10:39
Isn't the bank just afraid of losing its own job?
View OriginalReply0
LiquidityWizardvip
· 08-10 10:27
statistically speaking, banks r just scared of losing 82.4% market share
Reply0
BagHolderTillRetirevip
· 08-10 10:26
The banks have started to slack off again.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)