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Donald Trump is preparing for signing a radical executive order to investigate banks and supervisors accused of the debanking of crypto companies – the practice to refuse financial services on a discriminatory basis.
That’s oneCcording to a August 4 report The Wall Street Journal, who said that supervisors in the banking sector will be instructed to investigate whether financial institutions have violated antitrust, financial protection of consumers or fair loans in the context of the BIDEN administration.
The order also calls on banks to eliminate any internal policy that may have led to the closure of accounts associated with political beliefs or crypto activities, including those of conservative organizations. Institutions that are contrary to fines or legal steps can be confronted and serious matters are referred to the Ministry of Justice.
No banks were mentioned, but the WSJ story said that the order reportedly criticized the role of companies that are said to have helped federal researchers to investigate the riots that took place in Capitol on January 6, 2021.
Trump Ordered Requiring Legal Revision can be signed this week
The executive order is also reported to terminate one of their policy measures that may have contributed to the drop of banks that drop their customers, including those who are active in crypto.
Moreover, the order instructs the small business administration of the US government to assess practices that guarantee the loans to small companies.
It used to be that corresponding banks in the American block transactions with crypto (Fiat for buying crypto).
This opens international banking for crypto. https://t.co/YV5NM3FQ7X
– CZ đŸ”¶ bnb (@cz_binance) August 5, 2025
According to the report, Trump could sign the executive order in this week. However, there is still the possibility that the White House can delay or change the plan.
Crypto -guiders’ calling for change finally heard
The reported executive order comes after the leaders of the crypto industry have accused the BIDEN administration of it of trying to cut crypto off the traditional banking system.
Accusations that the former administration closed the industry, started at the end of 2022 after the collapse of FTX, the now -called exchange that turned out to be a huge fraud.
During a testimony during a conference hearing in February, Coinbase-Legal Chef Paul Grewal said that the Federal Deposit Insurance Corporation (FDIC) of Biden “The banks” Bludgeon “with exams and questions about crypto until they eventually” admitted under pressure “.
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