Trump to Sign Executive Order to End “Debanking” in US Banks
US President Donald Trump says he plans to sign an executive order to formally put an end to “Debanking” in the US. The bill would punish banks for restricting services to customers based on their political or religious beliefs. JUST IN: President Trump to sign executive order today targeting banking discrimination against crypto, religion, and politics. — Watcher.Guru (@WatcherGuru) August 7, 2025 The order directs federal banking regulators to remove the “reputational risk” language from their guidance to lending institutions — a broad concept that crypto and other businesses say led mainstream lenders to ice them out. It also instructs regulators to review banks’ past or current policies “encouraging politicized or unlawful debanking,” according to a senior White House official. Debanking has long caused problems for undocumented people and poor Americans, who often have to resort to unregulated payday lenders with much higher interest rates to make ends meet. Recently, the te...