Trump is preparing an order against banks discriminating against crypto companies
The administration of Donald Trump is developing an order that will prohibit banks from refusing service to crypto companies, religious organizations, conservatives, and small businesses.
What is provided: checks by the Department of Justice and financial regulators in each case of discrimination, review of bank refusal policies, support for affected entrepreneurs through the Small Business Administration (SBA).
If the order is signed, banks will effectively be required to serve the crypto business, which could open the flow of institutional capital into the sector.