
Eleanor Terrett|8ę 07, 2025 16:09
šØNEW: President Trump is expected to sign an executive order targeting politicized debanking practices today.
Whatās included:
šA ban on vague āreputation riskā standards
šOrders to scrub federal guidance that enables ideologically driven account closures
šA mandate to reverse past debanking
šFines and DOJ referrals for banks that discriminated illegally
Why itās notable for crypto:
While crypto isnāt named, this is a clear warning sign to regulators whoāve quietly pressured banks to cut ties with lawful but disfavored industries like gun manufacturers and digital assets.
If enforced, this could give crypto companies stronger legal grounds to fight back against banking exclusion.(Eleanor Terrett)
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