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๐ธ ๐ Executive Order Signed (Aug 7, 2025)
President Donald Trump officially signs an order to stop U.S. banks from discriminating against individuals or businesses based on crypto, religion, or political beliefs.
๐ธ โ๏ธ No More "Reputational Risk" Excuses
Federal regulators are directed to remove โreputational riskโ language from guidelines โ a term critics say has been misused to justify ideological account closures.
๐ธ ๐ 120-Day Investigation Window
Regulators must review past & current cases of alleged discrimination and report violations to the Department of Justice within 120 days.
๐ธ ๐ฐ Penalties for Future Violations
Banks found guilty of politically-motivated account closures could face fines and enforcement actions.
๐ธ ๐ Win for Crypto & Free Speech Advocates
The order is seen as a major victory for cryptocurrency businesses, faith groups, and politically active organizations whoโve faced โdebankingโ in recent years.
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๐ #BreakingNew #TRUMP #Banking
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