Trump Prepares Executive Order to Protect Crypto Firms and Conservatives from Banking Bias

Former President Donald Trump is set to sign an executive order targeting alleged banking discrimination against cryptocurrency companies and politically conservative entities. The order, framed as a response to what critics call 'Operation Chokepoint 2.0,' would direct federal agencies to investigate and penalize financial institutions accused of ideologically motivated debanking.

The draft order, reported by the Wall Street Journal, WOULD compel regulators to scrutinize account terminations for potential violations of equal credit access or antitrust laws. Institutions found guilty of discriminatory practices could face enforcement actions and financial penalties. The Justice Department may also be tasked with reviewing cases.

This move signals growing political recognition of crypto's institutional legitimacy while addressing conservative concerns about financial exclusion. Market participants will watch for Ripple effects across exchanges and trading volumes for major assets like BTC and ETH.