08.08.2025 09:01

Former President Trump has issued a sweeping executive order, titled "Fair Banking for All Americans," aiming to dismantle discriminatory banking practices against cryptocurrency businesses. This action directly addresses claims of a renewed "Operation Chokepoint 2.0," alleging that the Biden administration unfairly denied banking services to companies operating within the cryptocurrency sector.

The executive order explicitly prohibits banks and financial institutions from refusing service to legitimate cryptocurrency firms. This decisive move seeks to level the playing field and foster a more inclusive financial landscape for the burgeoning crypto industry. Furthermore, it mandates that federal regulators actively identify and impose substantial fines on any institution found guilty of such discriminatory practices.

The impact of this order is anticipated to be significant, potentially shielding numerous cryptocurrency companies, including Ripple and others, from the threat of being cut off from traditional banking systems. However, resistance is expected from banking associations who have historically sought to limit the crypto industry’s access to established financial infrastructure. The order's ultimate effectiveness will hinge on the vigor with which federal agencies enforce its provisions and the legal challenges it may face. This executive action marks a pivotal moment, potentially reshaping the relationship between the cryptocurrency sector and the traditional banking world.