The executive order, reported on August 8 by PANews and attributed to The Block, removes 'reputational risk' as a regulatory tool against banks serving crypto, earning GOP support.
President Trump signed an executive order, as reported on August 8 by PANews, that bars federal regulators from using 'reputational risk' to justify de-banking crypto firms. The move addresses complaints of unfair bank closures and follows his pledge to end Operation Choke Point 2.0, with backing from lawmakers like House Financial Services Committee Chairwoman French Hill and Senator Cynthia Lummis.