President Trump signed an executive order aimed at penalizing financial institutions engaging in "debanking," the practice of restricting access to banking services based on political motivations. The White House stated that federal regulators can now impose corrective actions, including fines, on institutions found guilty of politically motivated or unlawful account closures. This move comes amid growing concerns about Operation Choke Point 2.0, allegedly implemented during the Biden administration, which aims to pressure the cryptocurrency industry by limiting their access to traditional banking services. Cryptocurrency companies have frequently reported instances of debanking in the past. Trump's order intends to protect individuals and businesses from discriminatory financial practices and ensure fair access to banking resources. The order's long-term effects on the financial landscape remain to be seen. ```