Trump To Order Investigation Of Crypto Debanking: Report
President Donald Trump is reportedly planning to sign an executive order directing banking regulators to investigate claims of debanking made by the crypto sector and conservatives.
Bank regulators would be directed to probe if any financial institutions violated antitrust, consumer financial protection or fair lending practice laws, according to a draft of the executive order seen and reported by The Wall Street Journal on Monday.
Those found violating the laws could face fines or other legal action. Trump could reportedly sign the order this week, but the White House could delay or change the plan.
Crypto industry executives have long alleged that the Biden administration conspired to cut crypto off from the financial system by using…
