The order of the White House will involve banks to find out if they leave customers for political reasons or discriminate with digital asset firms and organizations.
The Wall Street Journal on Monday directs bank regulators to check wheat, according to the Wall Street Journal report, to check for any bank or financial institutions.
The report stated that the order threatens for monetary pencalty, consent decree, and other disciplinary measures for violors and has been acquired this week.
Big banks cannot discriminate against crypto
The report said, “Cryptocurrency companies have said that they were out of banking services under the Biden administration, thinking that the order also included involvement on political grounds.
White House prepares executive orders that punish wound banks that discriminate against crypto companies …
@dgtokar @Ajsaeedy pic.twitter.com/XQRLUWSC1
– Nat Garaxi (@Nategraci) August 4, 2025
Banks claim that their decisions are based on legal, regulatory and financial risks, especially the money-anty-londering compliance, which has a widespread scope, which provides great control over people’s property.
A spokesman for the Bank of America said, “We have proved detailed proposals and will continue to work with the administration and the Congress to employ the regulatory structure.”
Banking regulators under Trump have already stopped assessing “iconic risk” from customers, which was seen as a boost for the Crypto industry.
The move represents a significant change from the Biden-era banking oversight under Operation Chocopoint 2.0, the Trump administration has placed itself in position as protecting crypto interests against the alleged finishuel industry bias.
There have been many cases in the rectinous years, where the crypto industry experts or companies have been debunned, and the Trump administration has clearly given ways to end the exercise.
JPMORGAN Chaase Informable Coinbase CEO Bran Armsstrong in December 2023, who will have close accounts of individuals whose primary income stems from crypto.
Frakes Finance founder Sam Kazamian also said that JP Morgan told him that he would close any person’s account, indicating the source of income or money, was a crypto.
Custodia Bank CEO Ketleen Long, Mithun’s co-founder Tyler Vinklevos, and Charlie Shem of Bitcoin Foundation also stated that they were debated.
In November 2024, Elon Musk posted evidence that 30 tech founders were baked under the Biden administration.
Do you know that 30 tech founders were secretly debunned? https://t.co/gmncir43xd
– Elon Musk (@elonmusk) November 27, 2024
Banks still hate crypto
It is no surprise that bank harbor belongs to many digital digital assets and companies that are part of the newborn industry.
Banks benefit from lending their customers’ money and apply high level control and restrictions as to what customs can do and not with their own. Crypto is completely opposed to this, allowing a colleague to a colleague transfer and freedom on finance.
Now that banks can see biggits in stablecoins, they look to heat the industry (but for wrom reasons).
In the relevant news, the United Kingdom banned a coinbase advertising campaign, which was important for its finish system.
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