#CreatorPad The card has turned. Banks will be punished for discrimination against cryptocurrencies

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Donald Trump

The administration of Donald Trump is currently preparing an executive order that, if enacted, will mean trouble for banks. Those that target cryptocurrency companies will face fines.

Donald Trump wants to make life easier for cryptocurrency companies.

The new White House regulation aims to allow the punishment of banks that discriminate against crypto firms.

This is all in response to Operation Chokepoint 2.0, whose alleged goal was to cut the industry off from the banking system.

Banks will be punished for targeting cryptocurrencies

Donald Trump's White House regulation will enable fines to be imposed on banks that do not serve customers for political reasons or discriminate against companies and organizations dealing with digital assets.

The executive order mandates banking regulators to investigate whether any banks in the U.S. may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection regulations.