Trump will sign an executive order protecting cryptocurrency companies and individuals from the effects of "de-banking"
Online reports, according to the Wall Street Journal, President Trump is preparing to sign an executive order targeting financial institutions 'debankings of businesses and individuals, including cryptocurrency companies. According to a draft executive order seen by the media, it aims to address discrimination against cryptocurrency companies and conservatives, threatening to impose fines on banks that cut off customer connections for political reasons and imposing consent orders or other disciplinary measures. According to reports, the executive order also directs regulators to investigate whether any financial institution violated the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws. However, the executive order did not name any companies. People familiar with the matter said the executive order could be signed as early as this week.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.