The Trump administration is drafting an executive order that would prohibit banks from denying services to crypto companies, religious organizations, conservatives, and small businesses based on ideological grounds.
š The order outlines the following: investigations by the Department of Justice and financial regulators in each case of discrimination, a mandatory review of bank rejection policies, and support for affected entrepreneurs through the Small Business Administration (SBA).
If signed, the order would effectively require banks to serve crypto businesses, potentially opening the door for a wave of institutional capital into the sector.
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