🚨 Trump is preparing to sign an executive order to 'rescue' the crypto industry from bank discrimination!
Many crypto companies in the U.S. are being denied service by banks – not for financial reasons, but due to political bias. Trump has announced he will sign an executive order banning banks from 'debanking' just because customers are in the crypto field 🏦
✅ The executive order will:
– Prevent banks from denying services solely based on industry.
– Require the federal government to protect the financial access rights of crypto companies.
– Respond to policies seen as 'Operation Chokepoint 2.0' under Biden.
📈 Major impacts:
– Blockchain/stablecoin companies will find it easier to open accounts, trade, and raise funds.
– It could activate institutional capital flow back into the market.
– The Fed is also becoming more open: banks can serve crypto if they comply with regulations.
⚠️ But also keep in mind:
– Banks still have the right to refuse if they are concerned about risk.
– Enforcement will take time and may face political backlash.
💬 What do you think? Is this the 'boost' to revive the crypto industry, or just a campaign promise?
