Trump’s Executive Order on Crypto Banking: Navigating a New Era
On August 7th, 2025, President Trump signed an executive order aimed at “stopping banking discrimination against cryptocurrency businesses.” It’s a big deal for crypto startups, but it raises questions about compliance and risks of selective adherence by banks. Let’s dive into the implications and how they’re going to affect crypto businesses.
The Executive Order: What It Entails
The Executive Order calls for a review of banking practices that may have discriminated against lawful businesses. Specifically, it says banks can’t deny services based on political beliefs or reputational risks. This is a significant shift, and it could change the game for crypto firms struggling to find a traditional bank willing to work with them.
