XRP News Today: Trump's Executive Order to Force Banks to Serve Compliant Crypto Firms

President Donald Trump is reportedly preparing to sign an executive order that could significantly reshape the U.S. banking landscape for cryptocurrencies such as Bitcoin and XRP [1]. The move, highlighted in a recent post from Ripple Eagle on X, signals a major shift in how financial institutions engage with digital assets [1]. According to emerging drafts reviewed by credible outlets, the order will penalize U.S. banks that refuse to work with compliant crypto companies, effectively ending years of discriminatory banking practices [1].

The executive order aims to combat what the White House has described as “ideological financial censorship.” Banks that deny services to crypto firms, allegedly based on political or risk-related biases, could face federal penalties, including heavy fines, regulatory action, and potential criminal referrals [1]. This initiative is not solely a political maneuver. Trump’s administration claims that banks such as JPMorgan and Bank of America have restricted accounts linked to the president and his supporters, but the broader implications target the entire cryptocurrency industry [1].

For Bitcoin, XRP, and the broader digital asset ecosystem, the order could mark a seismic shift in U.S. banking engagement. If enacted, the policy would require major banks to offer basic financial services to compliant crypto businesses, paving the way for greater institutional participation, enhanced liquidity, and wider adoption. The persistent banking blockade—such as the denial of accounts and payment processing—has long hindered the growth of crypto firms. This new directive would compel banks to justify any refusal of service, thereby protecting the financial rights of digital asset companies [1].

XRP, in particular, may see a significant boost. Ripple, its issuing company, has been a leading advocate for regulatory clarity and banking access. Earlier this year, XRP was added to the U.S. federal government’s Strategic Crypto Reserve alongside Bitcoin, Ethereum, Solana, and Cardano, under a previous Trump directive aimed at strengthening the U.S. role in global digital finance [1]. Ripple CEO Brad Garlinghouse has also played a pivotal role in building ties with the current administration. With the potential for full banking access, XRP’s cross-border liquidity and utility could expand significantly [1].

Industry analysts have described the order as potentially the most crypto-friendly move by any U.S. administration to date. By removing the barriers between banks and crypto firms, the order is expected to boost investor confidence, attract traditional financial institutions, and accelerate blockchain innovation. However, critics have raised concerns about whether the order might favor certain tokens or companies disproportionately. Despite these concerns, the broader industry views the move as a decisive step toward mainstream legitimacy [1].

Insiders suggest the order could be finalized within days, aligning with drafts currently under consideration. Once enacted, it will mark a historic shift in how the U.S. government treats cryptocurrencies, particularly Bitcoin and XRP. The implications extend beyond politics, signaling a financial revolution that could redefine the future of digital assets in the U.S. financial system [1].

Source: [1] Upcoming Executive Order Is Big News for Bitcoin, XRP, and Cryptos (https://coinmarketcap.com/community/articles/68923add68de1e41a88a091f/)