#CFTCCryptoSprint 🗽 The White House Prepares Executive Order Against “Debanking”
The Trump administration is working on an executive order to prohibit banks from denying services based on ideological reasons — such as targeting conservatives, crypto companies, religious organizations, or small businesses. The proposed measures include:
🔴 Oversight by the Department of Justice and financial regulators for each such case.
🔴 Fines and investigations for discriminatory practices.
🔴 Banks will be required to review their denial policies.
🔴 The Small Business Administration (SBA) will assist affected entrepreneurs.