Eleanor Terrett
Eleanor Terrett|Aug 07, 2025 16:09
🚨NEW: President Trump is expected to sign an executive order targeting politicized debanking practices today. What’s included: 📌A ban on vague “reputation risk” standards 📌Orders to scrub federal guidance that enables ideologically driven account closures 📌A mandate to reverse past debanking 📌Fines and DOJ referrals for banks that discriminated illegally Why it’s notable for crypto: While crypto isn’t named, this is a clear warning sign to regulators who’ve 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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