In a major development for the digital asset world, former U.S. President Donald Trump is reportedly preparing to issue a new Executive Order that would ban banks from denying services to individuals and businesses involved in cryptocurrency. This move aims to put an end to biased banking practices against crypto users, ensuring that companies in the blockchain space are treated fairly within the traditional financial system. If signed, this executive action would legally prevent banks from closing accounts or blocking services solely because a client operates in the crypto sector.
🔍 Why This Move is Critical:
🛡️ Protects Web3 startups and crypto firms from being frozen out of the banking system
💳 Forces major financial institutions to stop discriminating against digital asset companies
📊 Restores investor confidence, potentially triggering new inflows into crypto markets
🇺🇸 Reflects a pro-crypto position in the lead-up to the U.S. elections
🧠 In-Depth Breakdown:
Access to basic financial services has long been a challenge for crypto businesses in the U.S., with many firms struggling to maintain bank accounts or payment channels due to regulatory pressure and risk-averse banking policies. Trump’s proposed Executive Order directly challenges this anti-crypto stance in traditional finance, potentially making the U.S. a more welcoming environment for blockchain innovation and investment. It signals that crypto adoption is no longer fringe, but part of mainstream political and economic discussions.
📈 Market Insight:
The market is already showing signs of strength. For example:
BNB is now trading around $658.40, up +2.7%
SOL has jumped to $149.85, gaining +5.9% in the last 24 hours
This announcement could act as a bullish catalyst for Bitcoin, Ethereum, and leading altcoins, as clearer political support tends to drive both institutional and retail interest. Watch for further price action and policy follow-through — but this signals a major shift in the U.S. crypto landscape.
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