šØ White House to Punish Banks Targeting Crypto Firms
Big news from Washington: the White House is preparing an executive order that will fine banks for cutting off services to crypto companies and conservative individuals without valid reasons.
This comes after growing complaints from crypto businesses claiming banks are shutting them out unfairly. The order will direct regulators to investigate such actions and enforce penalties under laws like the Equal Credit Opportunity Act.
Why it matters:
Protects crypto innovation from political or financial bias
Sends a clear message: banking access must be fair
Could reshape how banks treat emerging industries like crypto
This move could be a turning point for crypto in the U.S. ā fair access is no longer optional.