Trump Vows to Sanction Banks That Blacklist Crypto—Finance Giants on Notice

Brace for impact: Former President Trump just fired a warning shot at traditional banks cracking down on crypto. In a move that sent shockwaves through Wall Street, he threatened sanctions against financial institutions discriminating against digital assets.

The ultimatum:
Play nice with crypto—or face the consequences. This isn’t just political posturing; it’s a direct challenge to the banking elite who’ve treated decentralized finance like a rogue stepchild.

Why it matters:
The threat exposes the growing tension between legacy finance and the crypto revolution. Banks might finally have to choose between their anti-crypto bias and their beloved bottom lines—though we all know which one they’ll pick.

The kicker:
If Trump follows through, we could see the biggest power shift in finance since the 2008 crash. Either way, the banks lose—stifle innovation and get sanctioned, or embrace crypto and watch their monopoly crumble. Poetic justice for an industry that still thinks blockchain is a type of bike lock.

In Brief

• Trump plans to sign a presidential decree to protect crypto companies and individuals targeted by banking exclusion.
• This text would order regulators to investigate discriminatory banking practices and sanction institutions guilty of service cutoffs for political reasons.
• This initiative is part of a desire to end what many call ‘Operation Choke Point 2.0’.

Trump: support for crypto companies

The President of the United States, Donald Trump, plans to sign a presidential decree to prevent banks from refusing services to companies or individuals for political reasons. This text includes players in the crypto sector, often affected by these exclusions.

The draft decree asks regulators to check if some banks have violated laws such as the Equal Credit Opportunity Act, antitrust laws, or consumer protection rules. Guilty banks could face sanctions, including fines or disciplinary measures.

According to the Wall Street Journal, the purpose of this decree is also to remove internal policies that may have facilitated these banking exclusions.

Regulators like the FDIC, OCC, or Federal Reserve will be required to no longer consider “reputational risk” when evaluating relationships between banks and customers.

This text fits within a political will to restore a neutral framework for access to financial services, regardless of the legal activity conducted. In other words, a bank can no longer exclude a customer simply because they operate in crypto or express certain political opinions.

End of Operation Choke Point 2.0

This decree marks the official end of what the crypto sector called “Operation Choke Point 2.0.” Indeed, under the Biden administration, several Web3-related companies were in trouble. They had reported bank service cutoffs without concrete justification.

These practices were often hidden behind compliance arguments. They were seen as a form of indirect pressure against crypto innovation. As a result, TRUMP ordered federal agencies to remove all internal guidelines likely to encourage this type of exclusion.

The Small Business Administration (SBA) will also have to review its partnerships. The goal is to identify any FORM of discrimination in granting credit to crypto companies or other targeted sectors.

Several banks have already begun to revise their internal policies. Some have met with Republican attorneys general to ensure they do not cross any regulatory red lines.

Trump now positions himself as the protector of the crypto sector. At the start of 2025, he signed another decree creating a Strategic Reserve of Bitcoin and national crypto-assets. He also excluded any central bank digital currency (CBDC) projects, stating that it would threaten individual freedoms. With this new decree, he would sustainably shape the sector’s future in the United States.

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