Ethereum Soars as Banks Close Crypto Firms’ Accounts, But Bo Hines Resigns From White House Council

Despite President Trump’s pro-crypto stance, US banks continue to shut down accounts for cryptocurrency businesses. This ‘Operation Chokepoint’ problem has plagued firms like Unicoin, highlighting the ongoing difficulties in operating within the crypto sphere. Ether, the second largest cryptocurrency, soared past $4,244, a 6.38% increase attributed to substantial ETF inflows. The resurgence comes as Vitalik Buterin, Ethereum’s co-founder, regained his billionaire status, with his wallet now holding over $1 billion worth of Ether. Notably, Bo Hines, former head of the White House Crypto Council, has stepped down from his position, planning to advocate for crypto in the private sector. This shift amidst fluctuating regulations and financial dynamics presents a complex picture for the future of crypto. 2025 saw a mixed bag of wins and losses in this space.