🔥 Trump Targets ‘Woke’ Banking — Could This Spark a Crypto Boom?
Former U.S. President Donald Trump is preparing an executive order that could shake the foundations of traditional banking — and potentially give crypto a major tailwind.
📜 The Plan: Trump’s team is drafting a policy to investigate banks accused of debanking clients based on political views or crypto involvement. Violations of antitrust, consumer protection, or the Equal Credit Opportunity Act could lead to major fines or legal action.
🏦 Banking vs. Crypto — A Long Battle: Under the Biden administration, many crypto firms were cut off from banking access in what critics dubbed Operation Chokepoint 2.0. Banks cited compliance and reputation risks.
🚫 Trump’s Move: The new order may eliminate the “reputational risk” excuse, making it harder for banks to blacklist crypto businesses. Regulators would be pushed to act if banks are found discriminating.
🪙 With the crypto market now valued at $3.68 trillion, easier access to banking could unlock massive upside.
👀 All eyes are on the executive order — and the potential fallout across both banking and crypto sectors.
