Trump Slams Banking Gatekeepers: Executive Order Shields Crypto from Discrimination
Banks just got put on notice—the crypto industry has a new heavyweight ally. President Donald Trump's latest executive order bars financial institutions from blacklisting digital assets, forcing Wall Street to play fair with blockchain.
No more backroom bans
The order torpedoes covert policies that let banks freeze out crypto businesses without justification. Suddenly, 'risk management' excuses won't cut it when VASP applications hit compliance desks.
Finance old guard seething
Expect pearl-clutching from legacy players—the same institutions that still process fiat for sanctioned regimes suddenly care about 'financial stability' when Bitcoin's involved. How convenient.
Market reacts instantly
BTC prices jumped 3% on the news, proving what we've known for years: regulatory clarity fuels adoption faster than any blockchain upgrade ever could.
One cynical footnote
Of course, this protects banks too—now they can't be sued for servicing crypto clients when the next 'unprecedented' market crash inevitably comes. Everybody wins (except maybe the SEC).