Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
US President Donald Trump is moving ahead with a plan to target banks that cut off customers over politics or crypto. His team is expected to issue an executive order within days.
According to a report from The Independent, the order will push regulators to dig into possible breaches of the Equal Credit Opportunity Act, antitrust rules, and consumer protection laws. It could hit banks with hefty fines, consent decrees, or other penalties.
Background Of Banking And Crypto Clash
Industry voices say crypto firms have long felt frozen out by big banks. They point to “Operation Chokepoint 2.0” under the Biden years, which they claim led to sudden account closures without
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!