The founder and former CEO of Binens welcomed the executive order of the new White House, calling it a global success for Crypto in the US.
Following new instructions, banks may be fined for crypto bias, a step that may inspire institutional adoption.
New White House Order may force banks to hug crypto
The White House is working on an executive order to target banks that discriminate against crypto firms and related conservatives. This step is part of the step to address the Debing practices of the Trump administration. This time, Trump takes advantage of financial recurrence for criminals.
Some people see it as the biggest success since the approval of bitcoin ETF (exchange-traded funds), establishing a platform for instituteal inflow.
“It will make every major bank to embrace the crypto companies.
Meanwhile, the Changpeng Jhao (CZ) of Benance praised it in a way for the sensor, which can no longer ignore Crypto.
It used to be that similar banks in the US block transactions associated with Crypto (Fiat to buy crypto).
It opens for crypto internally. https://t.co/yv5nm3fq7x
– CZ 
BNB ($ 765.87) (@cz_binance) August 5, 2025
If the White House proceeds with executive orders, the lenders who leave the custom causes will be punished.
The executive order compiles the bank regulators to investigate financial institutions. More closeide, IT directors regulators to tell that these institutions have violated equal opportunities Act, no -confidence laws or consumer financial prosecution laws.
Violation is punished from monetary punishment and consent to disciplinary measures of variations.
Curus for Wall Street Carcinel, the order is still in draft form. It has been signed this week, but the administration has reserved the right to delay or change its plans.
In addition, the draft does not sing any bank. Nevertheless, it mentions an example where the Bank of America (BOFA) was accused of shutting down the accounts of a Christian organization working in Uganda.
At that time, Bofa stepped into the decision not to support small businesses serving outside the US. While the bofa was well with its rights, the Christian organization passes as a conservative under Trump’s Prosper Executive Order.
Banks face increasing pressure amid cracks on Chokpoint strategy
If the order passes, the regulator will be done to eliminate the policies that customers may end in dismissal. In addition, small business administration will have to review the customs of banks guarantee loans.
Regulators should also mention possible violations to the Attorney General where Nesari.
This devil is on time, only a few days after using giants, the Grwth of crypto platforms such as coinbase and Robinhood was discriminated against.
Banking giants such as JP Morgan are accused of deliberately increasing fees, limiting access, and making the crypto industry effectively.
Alex Rampale, general partner of Andresson Horovitz (A16Z), expressed his concert at a newsletter on 31 July, “If it suddenly costs $ 100 to a coinbase or Robinhood account costing $ 10 to take it to a coinbase or robinhood account, perhaps less people will do it.”
As the strategy said, the strategy reflects a new form of Chocapoint aimed at suppressing the strategy Fintech and Crypto competition.
Changpeng Jhao, the founder of The Post Benns, says that American banks can no longer ignore Crypto, who first appeared on Beincrypto.
