⚖️ Trump Targets Bank Bias — Could Crypto Be the Hidden Beneficiary?

US President Donald Trump plans to pursue banks that alienate clients over politics or crypto. An executive order from his staff is likely in days.

The Independent reports that the decision will force authorities to investigate suspected Equal Credit Opportunity Act, antitrust, and consumer protection violations. Banks might face steep fines, consent decrees, or other penalties.

Banking and Crypto Clash History
Industry experts believe traditional banks have historically excluded crypto businesses. They cite “Operation Chokepoint 2.0” under Biden, which caused unexpected account closures without explanation.

Banks resisted. They said anti-money laundering regulations were decided. They say reputational risk management prevents fraud and legal issues.

Trump Will Remove Banks' ‘Reputational Risk’ Shield

The Wall Street Journal reports that the order will instruct federal bank regulators to seek for significant law infractions. Equal Credit Opportunity Act prohibits lending discrimination.

Antitrust laws regulate competition. Consumer laws safeguard against unfair tactics. Banks that are guilty risk fines or consent orders.


The crypto market is worth $3.68 trillion. TradingView chart
The measure prevents banks from exploiting compliance to justify political prejudice. It might remove reputational risk requirements, which opponents say cause “debanking.”

That means lenders accused of breaking relations with consumers may be scrutinized again. The White House did not respond to Reuters requests for comment.

Trump has criticized major banks. In January, he accused JPMorgan Chase and Bank of America CEOs of rejecting conservative clientele.

Claims were refused by banks. Republican lawmakers and state authorities have criticized “woke capitalism,” alleging banks are cutting off gun producers, fossil fuel companies, and other right-wing groups. Their input shaped the executive order.


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