A draft executive order from Trump may soon target banks accused of bias against conservatives and crypto firms.
A Wall Street Journal (WSJ) report claims that former U.S. President Donald Trump has drafted an executive order (EO) warning banks and regulators against discriminating against conservatives or crypto companies.
Key highlights from the report:
√ The draft EO allegedly directs regulators to investigate banks involved in “de-banking” or bias.
√ Offending institutions could face fines, consent decrees, or other disciplinary actions.
√ The U.S. House Oversight Committee has already asked the Office of the Comptroller of the Currency (OCC) for records on such cases.
This comes after:
√ New OCC guidance allowing U.S. banks to expand crypto services
√ Updated FDIC rules supporting this shift
√ Reports that banks are uneasy about potential Trump administration action
WSJ contributors Dylan Tokar and Alexander Saeedy noted the use of cautious terms like “so-called” and “perceived discrimination”, signaling skepticism. The article leans heavily on unnamed sources, making the timing and even existence of the EO uncertain.
For now, the story remains speculative—but it underscores growing tension around banking fairness, political bias, and crypto access in the U.S. financial system.
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