The Wall Street Journal (readable link) has reported that the White House plans to publish an executive order targeting banks, aiming to punish those that have discriminated against conservatives or those involved in de-banking cryptocurrency firms.
Eric Trump has repeatedly mentioned that he was originally skeptical about crypto but embraced it owing to problems he had with his banking providers. Earlier this year the Donald J. Trump Revocable Trust and Eric Trump sued Capital One over the shuttering of hundreds of Trump affiliated accounts.
The WSJ said the draft order includes investigating potential violations of the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws. Banks cite regulatory pressure as the reason for avoiding the crypto industry. And freedom of information disclosures by the FDIC reinforce this position.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
