President Donald Trump could sign an executive order as soon as this week launching a federal probe into claims that banks unfairly cut off crypto firms and conservative organizations.
According to a Wall Street Journal report, the order would require banking regulators to investigate potential violations of antitrust and fair lending laws—with penalties for wrongdoing. It also demands an overhaul of policies that led to debanking and a review of SBA loan practices.
Crypto leaders allege the Biden administration strong-armed banks into dropping digital asset clients, effectively sidelining the industry. Trump’s order appears to push back on those policies, though the White House could still adjust plans.
