The Trump administration drafts an executive order targeting banks that refuse crypto firms service due to regulatory or political bias, potentially curbing practices reminiscent of Operation Chokepoint 2.0, as industry figures express concern.
A Wall Street Journal report reveals that the Trump administration is preparing a draft executive order to investigate and penalize banks for denying services to crypto firms under regulatory or political pressure. The order, which echoes themes from Operation Chokepoint 2.0, mandates federal regulators to examine potential breaches of consumer protection and credit access laws, amid industry accounts of widespread debanking.