Trump Signs Order to End Banking Bias Against Crypto

President Donald Trump signed an executive order titled “Guaranteeing Fair Banking for All Americans” on August 7, 2025, aimed at ending discriminatory practices in the banking sector against cryptocurrency businesses. The directive mandates that financial institutions provide fair access to banking services regardless of a company’s industry affiliation. The move is intended to restore trust in banking relationships with crypto firms, many of which have faced challenges in securing traditional financial services due to regulatory scrutiny and reputational concerns [1].

The executive order was announced as a significant step toward ensuring that all Americans, regardless of political beliefs or the industries they operate in, are granted equitable access to banking services. Trump emphasized that the directive would level the playing field, particularly for businesses operating in the cryptocurrency space, which have long been excluded from mainstream financial infrastructure [1]. Congressman Andy Barr, a vocal supporter, announced plans to work on enshrining the policy into law, calling it a pivotal advancement in supporting crypto business operations [1].

The potential impact of the order could reshape the financial landscape for U.S. crypto entities. By reducing barriers to bank access, the policy could enhance the operational viability of cryptocurrency firms and encourage broader institutional participation. Prior restrictions, often justified by perceived risks to financial stability, have limited the ability of crypto companies to open business accounts, accept payments, or secure loans. This executive action aims to counteract such limitations and promote a more inclusive economic environment [1].

Analysts suggest that while the immediate market impact of the order remains uncertain, the broader implications could be significant. The move reflects growing calls for the normalization of crypto within the U.S. financial system, a trend that aligns with similar regulatory shifts observed in individual states. The directive also marks a departure from past policies such as "Operation Choke Point," which targeted services for industries deemed controversial or high-risk [1].

The White House has released a fact sheet outlining the key components of the executive order, which include directing federal regulators to evaluate and address discriminatory banking practices. The initiative aligns with broader efforts to modernize financial regulations in response to rapid technological advancements [1].

Sources:

[1] [Trump Signs Order to End Banking Bias Against Crypto](https://coinmarketcap.com/community/articles/68964f020ba3eb5ab86f3685/)