Trump Prepares to Sign Executive Order to Protect Crypto from "Bank Discrimination"?

President #DonaldTrump is expected to sign an executive order this week aimed at protecting cryptocurrency companies and conservative organizations from being "discriminated against" by banks.

According to the Wall Street Journal, the order will require banking regulators to investigate violations of equal credit opportunity laws and consumer protections—particularly in cases where banks unilaterally close customer accounts for political reasons or crypto-related activities. Violating banks could face financial penalties or other sanctions.

This move is seen as the strongest reaction from $TRUMP to what is termed "Operation Chokepoint 2.0," allegedly a covert policy from the Biden administration aimed at tightening banking access for the crypto industry.

Trump previously shared with #Decrypt that large banks were "very harsh" with him under Biden and believes that federal agencies are behind the "debanking" policy.

If signed, the order will require:

Elimination of internal policies allowing "debanking".

Requesting the Federal Reserve (Fed) to review the banking system access for crypto companies.

Transferring violation records to the Department of Justice.

Despite the legal controversies, this move shows that the Trump administration is serious about paving the way for crypto in the traditional financial system.

Note: This article is for informational purposes only and should not be considered investment advice.