White House Cracks Down on Crypto Banking Discrimination with New Executive Order

The White House is moving to address what has been described as crypto banking discrimination through a new executive order under development, according to a report from The Bit Journal [1]. The proposed directive targets banks that have allegedly been denying services to crypto firms and politically active individuals. This action marks a significant policy shift aimed at ensuring that digital asset companies have equitable access to traditional banking infrastructure.

For years, crypto startups have struggled with a lack of access to basic financial services. Many have reported being turned away or having accounts closed without clear explanations. This has created barriers for these firms, which rely on traditional banking for payroll, investor transactions, and vendor payments. According to the Blockchain Association, this issue persists despite regulatory rollbacks in April 2025 that were intended to ease the path for crypto-related business activities [1].

The executive order is expected to direct federal regulators, including the Federal Reserve, FDIC, and OCC, to investigate and hold accountable banks that deny services to crypto clients without justified risk assessments. Under existing laws like the Equal Credit Opportunity Act, banks could face legal penalties if they are found to be engaging in discriminatory practices. This approach aligns with broader efforts to restore public trust in the banking system and promote fair access to financial services across all industries.

The move has been welcomed by the crypto community, with many seeing it as a long-overdue step toward institutional legitimacy. Industry leaders have emphasized that they are not seeking preferential treatment but rather equal access to the same financial tools available to traditional businesses. By holding banks to higher standards of justification for account denials, the government could reduce the reliance of crypto firms on offshore and unregulated banking options, which have often been criticized for lacking transparency and oversight.

The policy shift is also expected to have broader implications for how digital assets are treated within the U.S. financial system. By linking anti-discrimination laws to the treatment of crypto clients, the administration is signaling a commitment to treating the sector with the same standards applied to other industries. This could encourage greater compliance with existing regulations, attract more institutional investment, and ultimately foster innovation within the blockchain space.

While the exact terms of the executive order are still under review, its potential impact is clear. It could reshape the landscape for digital asset businesses, removing unnecessary friction and opening new opportunities for growth and stability. For now, the White House’s proposed action represents a critical step in addressing the systemic challenges that have long hindered the development of the crypto sector in the U.S.

Source: [1] The Bit Journal – [https://thebitjournal.com/crypto-banking-discrimination-crackdown/](https://thebitjournal.com/crypto-banking-discrimination-crackdown/)