Golden Finance reports that former U.S. President Trump signed an executive order on Thursday prohibiting federal regulatory agencies from blocking banks from providing services to the cryptocurrency industry on the grounds of 'reputational risk.' The White House stated that past injustices have undermined public trust in the financial system and caused economic harm to law-abiding citizens. This move is seen as an important step in ending the 'Chokepoint 2.0' initiative, which had led to the collective closure of bank accounts for crypto businesses. Regulatory agencies, including the Federal Reserve, have committed to stopping the use of 'reputational risk' as a standard for assessing client relationships. Several Republican lawmakers have expressed support for this action, stating that it helps curb financial discrimination and restore regulatory transparency.