Trump’s New Executive Order Could Force Banks to Embrace Crypto
The post Trump’s New Executive Order Could Force Banks to Embrace Crypto appeared on BitcoinEthereumNews.com. The post Trump’s New Executive Order Could Force Banks to Embrace Crypto appeared first on Coinpedia Fintech News The White House is gearing up for a new executive order that could fine banks for “crypto discrimination.” If passed, it would be a big win for crypto firms seeking fair treatment. Currently, market sentiment is cautiously optimistic, with traders closely watching Bitcoin’s next move. The move, described as the biggest catalyst since the approval of Bitcoin ETFs, would force banks to reengage with crypto firms and could open institutional floodgates into the space. New Executive Order: What Would it do? In a post on X, Crypto analyst and investor Paul Barron highlighted that U.S. banks could soon face fines for discriminating against crypto companies, citing a new executive order from President Trump. He stressed that such a move would force major banks to embrace crypto firms, potentially triggering an institutional money floodgate moment for the industry. According to a leaked draft seen by The Wall Street Journal, regulators would review banks for violations of the Equal Credit Opportunity Act, antitrust laws, and consumer protection statutes. Institutions found guilty of discrimination could face fines, consent decrees, or other disciplinary measures. The Small Business Administration would also investigate banks that handle SBA‑backed loans, ensuring fair treatment of all clients. Changpeng Zhao said that in the past, U.S. banks often blocked crypto-related transactions, but this order could open up banking access for crypto on a global scale. Why Crypto Investors See It as a Game-changer The crypto community is enthusiastic. Analysts believe such enforcement would require all major banks to serve crypto firms, potentially ending banking exclusion (“debanking”) and ushering in renewed institutional involvement in digital assets. Most likely, it will create more liquidity, wider access, and greater confidence for crypto businesses. This order…
The post Trump’s New Executive Order Could Force Banks to Embrace Crypto appeared on BitcoinEthereumNews.com.
The post Trump’s New Executive Order Could Force Banks to Embrace Crypto appeared first on Coinpedia Fintech News The White House is gearing up for a new executive order that could fine banks for “crypto discrimination.” If passed, it would be a big win for crypto firms seeking fair treatment. Currently, market sentiment is cautiously optimistic, with traders closely watching Bitcoin’s next move. The move, described as the biggest catalyst since the approval of Bitcoin ETFs, would force banks to reengage with crypto firms and could open institutional floodgates into the space. New Executive Order: What Would it do? In a post on X, Crypto analyst and investor Paul Barron highlighted that U.S. banks could soon face fines for discriminating against crypto companies, citing a new executive order from President Trump. He stressed that such a move would force major banks to embrace crypto firms, potentially triggering an institutional money floodgate moment for the industry. According to a leaked draft seen by The Wall Street Journal, regulators would review banks for violations of the Equal Credit Opportunity Act, antitrust laws, and consumer protection statutes. Institutions found guilty of discrimination could face fines, consent decrees, or other disciplinary measures. The Small Business Administration would also investigate banks that handle SBA‑backed loans, ensuring fair treatment of all clients. Changpeng Zhao said that in the past, U.S. banks often blocked crypto-related transactions, but this order could open up banking access for crypto on a global scale. Why Crypto Investors See It as a Game-changer The crypto community is enthusiastic. Analysts believe such enforcement would require all major banks to serve crypto firms, potentially ending banking exclusion (“debanking”) and ushering in renewed institutional involvement in digital assets. Most likely, it will create more liquidity, wider access, and greater confidence for crypto businesses. This order…
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