Trump shuts down ‘Operation Chokepoint 2.0’ with sweeping anti-debanking order

In a sweeping move hailed by crypto advocates, President Trump signed an executive order barring federal agencies from pressuring banks to cut off entire industries—a tactic critics dubbed “Operation Chokepoint 2.0.” The order marks a decisive win for firms long frozen out of the financial system, particularly in digital assets, but legal analysts warn that regulators could still target individual companies under the guise of risk management.

For years, the FDIC pressed banks to deny services to clients involved in crypto transactions

Donald Trump signed an executive order titled “Guaranteeing Fair Banking for All Americans,” prohibiting such practices

Nic Carter warns banks may continue to deny services, unlawfully disguising politically motivated denials as business-driven$TRUMP