What’s next for the BANKS?
In a significant event for the world of digital assets, it is reported that former United States President Donald Trump is preparing to issue a new Executive Order that would prohibit banks from denying services to individuals and businesses involved in cryptocurrencies. This move aims to put an end to biased banking practices against cryptocurrency 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 customer operates in the cryptocurrency sector.
🔍 Why this move is critical:
🛡️ Protects emerging Web3 companies and cryptocurrency firms from being excluded from the banking system
💳 Forces major financial institutions to stop discriminating against digital asset companies
📊 Restores investor confidence, which could trigger new inflows into cryptocurrency markets
🇺🇸 Reflects a pro-crypto stance in the lead-up to the U.S. elections
