Trump to Sign Crypto Debanking Order Probing Regulator Conduct

Donald Trump is reportedly preparing to sign an executive order that could fundamentally alter the regulatory landscape for the U.S. crypto industry. The order is expected to address allegations that federal regulators engaged in Operation Choke Point 2.0—a campaign that restricted crypto firms’ access to banking services, especially after the collapse of FTX in late 2022. A FOIA request revealed that the FDIC had advised banks to pause crypto-related activities, supporting claims that regulators were complicit in isolating digital asset companies from the financial system [1].

The proposed executive order instructs federal agencies to investigate whether these actions violated antitrust or fair lending laws. If regulators are found to have acted improperly, the administration could pursue legal action. This move signals a shift in political tone toward the crypto sector, potentially reversing years of regulatory exclusion and restoring confidence in the rule of law for crypto businesses [1].

From a market perspective, the order could trigger a short-term rally in crypto assets that rely on traditional banking infrastructure. Stablecoins and platforms like Coinbase are likely to see immediate gains as investors anticipate easier access to financial services and reduced compliance risks. Tokens closely tied to U.S. innovation, such as Ethereum, Solana, and Chainlink, may also benefit from the anticipated normalization of banking relationships with crypto firms [1].

However, market reactions will depend on the actual follow-through from regulatory bodies. While the executive order sets the stage for a regulatory reset, it does not immediately alter enforcement practices. Investors will be watching closely to see whether the Department of Justice takes action and whether major banks, including JPMorgan and Wells Fargo, resume offering services to crypto companies. These developments will confirm whether the shift is more than just political posturing [1].

In the broader context, the order aligns with a larger Trump administration strategy to reshape financial policy. In late July, the White House announced plans to penalize banks for cutting ties with clients over political grounds, a move that could indirectly benefit crypto firms [2]. Earlier in August, Trump signed a bill establishing the first federal framework for dollar-backed stablecoins, signaling a more supportive regulatory approach [3].

While the full impact of these measures remains to be seen, the potential for increased capital flows, improved infrastructure, and greater regulatory clarity is already influencing market sentiment. The U.S. crypto winter may be thawing, with regulatory and political support converging to create a more favorable environment for digital asset growth [1].

Sources:

[1] "Trump’s Executive Order on Crypto Debanking Could Reshape the US Digital Asset Market" - https://cryptoticker.io/en/trumps-new-order-could-unleash-billions-into-crypto/

[2] "White House readies order to fine banks for dropping..." - https://www.reuters.com/business/finance/white-house-readies-order-fine-banks-dropping-clients-over-politics-wsj-reports-2025-08-05/

[3] "Trump signs stablecoin bill into law, capping string of..." - https://www.aol.com/finance/house-sends-stablecoin-bill-trumps-201658340.html