Senator Warren Shifts Stance, Seeks to End Debanking of Crypto Businesses

Senator Elizabeth Warren shifted her stance on cryptocurrencies during a recent hearing, expressing a desire to collaborate with Trump to end debanking practices by financial institutions. These practices involve banks severing ties with crypto-related businesses.

Warren is known for supporting Operation Choke Point 2.0, which pressured banks to cut ties with the crypto sector. Marc Andreessen noted that 30 of his clients experienced deboarding in the past four years, attributing it to Warren's influence.

This change in Warren's approach is viewed positively within the crypto community, particularly amid ongoing tariff conflicts affecting the crypto market:

Trump's tariffs have led to a $2 billion liquidation in the crypto space, causing Bitcoin to drop below $92K.
China retaliated with tariffs on U.S. goods, heightening fears of a global trade war that could disrupt BTC mining and increase market volatility.
The tariffs may force small miners out of business due to rising operational costs.
Investors might seek decentralized finance (DeFi) assets as a refuge from tightening regulations.

Amid these developments, meme coins like Wall Street Pepe ($WEPE) are gaining traction, potentially benefiting from DeFi growth. The project claims to empower small investors against larger institutional players.

$WEPE has raised $70 million in presales, positioning it as a strong contender in the meme coin market. However, investors should remain cautious due to the inherent volatility of the crypto markets.