President Donald Trump signed a historic executive order to prevent banks and financial institutions from engaging in the so-called debanking, which consists of closing accounts or denying services based on political or religious beliefs or for operating in the cryptocurrency sector. The measure requires regulators to eliminate subjective criteria such as reputational risk and ensure that banking decisions are made solely for legitimate financial reasons.

Under the order, banks that have closed accounts or refused services for these reasons must reinstate the affected customers and may face penalties. Additionally, the Department of the Treasury must develop, within 180 days, a national strategy to ensure equal access to the banking system, including legislative and regulatory recommendations.

Large institutions such as JPMorgan Chase and Bank of America deny ideological discrimination, but the signing of the order was welcomed by groups advocating for financial freedom. Trump emphasized that the practice of debanking is incompatible with a free society and that all Americans should have access to financial services, regardless of their beliefs or the industry in which they operate.

At the same time, the government announced that cryptocurrencies, private equity, and alternative real estate could be included in 401(k) retirement plans. This decision may expand access to alternative investments for millions of people, signaling unprecedented institutional support for the crypto sector, although critics warn of volatility risks and potential losses.

#Debanking #FinancialFreedom #Cryptocurrencies #Politics

#Religion #Trump #FinancialMarket #BankingInclusion

FinancialRights #Bitcoin #Investimento