TRUMP’S SHOCKING EXECUTIVE ORDER TO CRUSH BANK DISCRIMINATION AGAINST CONSERVATIVES AND CRYPTO: “NO MORE WOKE BANKING!”
In a move that’s set to ignite a firestorm across America, President Donald Trump is reportedly gearing up to sign an explosive executive order this week targeting banks accused of “debanking” conservatives and cryptocurrency companies. Dubbed a direct assault on “woke banking,” the order aims to slam the brakes on financial institutions allegedly refusing services to those with right-leaning views or ties to the crypto industry, a practice critics call “Operation Chokepoint 2.0.” This bombshell has already sparked a frenzy on Threads, with users buzzing about whether Trump’s latest move is a game-changer or a political stunt.
The executive order, according to sources, will direct federal regulators to investigate banks for potential violations of equal credit laws, antitrust statutes, and consumer protection regulations when they terminate customer relationships based on political or ideological grounds. Banks found guilty could face hefty fines, consent decrees, or other punitive measures. Trump’s team is framing this as a defense of economic liberty, with the president reportedly fuming that “banks are playing politics with people’s money!” The order also takes aim at the Federal Reserve, potentially forcing changes to policies that have restricted crypto firms’ access to critical banking infrastructure.
The issue of debanking has been a lightning rod for years. Conservatives, from small business owners to high-profile figures, claim major banks like JPMorgan Chase and Bank of America have closed their accounts over political beliefs, citing examples like the closure of a Christian charity’s accounts in Uganda. Crypto companies, meanwhile, argue they’ve been systematically frozen out of the financial system, with firms like Custodia Bank denied master accounts by the Federal Reserve. Trump himself has claimed personal experience with this, telling Decrypt in June that “big banks were very nasty to us” during the Biden administration. “The regulators control the banks,” he said, pointing the finger at federal agencies.
Social media is erupting with reactions. “Trump’s about to make banks pay for picking sides! This is HUGE! ” one Threads user posted, while another fired back, “This is just Trump grandstanding—banks close accounts for risk, not politics!” Hashtags like #DebankingDrama and #TrumpVsBanks are trending, with memes of Trump as a crypto superhero and banks as woke villains flooding feeds. The controversy has even drawn in unlikely allies, with some liberal lawmakers like Senator Elizabeth Warren raising concerns about debanking, though they frame it as a broader issue affecting small businesses.
Banks are pushing back, insisting account closures are driven by compliance with anti-money-laundering laws or financial risk assessments, not ideology. A Bank of America spokesperson told the Wall Street Journal they’ve already revised policies to prohibit political discrimination and are engaging with Republican state officials to prove compliance. But the crypto industry, backed by figures like Coinbase’s Paul Grewal, is demanding transparency, accusing regulators like the FDIC of stonewalling on “Operation Chokepoint 2.0” documents despite court orders.
The order’s scope is ambitious, potentially reshaping how banks interact with controversial industries. It calls for eliminating internal policies that enable debanking and could refer violations to the Justice Department. Some experts, however, question its legal grounding. Even Alex Chandra, a partner at IGNOS Law Alliance, told Decrypt that executive orders can only enforce existing laws, not create new ones, warning that the order’s scope could face court challenges.
This isn’t Trump’s first crypto-friendly move. Since taking office, he’s signed orders establishing a Strategic Bitcoin Reserve and a Presidential Working Group on Digital Asset Markets, signaling a broader push to make the U.S. the “crypto capital of the world.” His appointment of pro-crypto figures like Paul Atkins to the SEC and David Sacks as crypto czar underscores this shift. Bitcoin’s price, already hitting $109,071 amid Trump’s crypto-friendly policies, could surge further if the order boosts industry confidence.
As the signing looms, the stakes couldn’t be higher. Will Trump’s order dismantle barriers for conservatives and crypto firms, or will it spark a legal and political backlash? Threads is ablaze with speculation, with users sharing clips of Trump’s past debanking rants and debating whether banks are truly targeting conservatives. One viral post quipped, “Trump’s telling banks: ‘You can’t cancel us anymore!’ 🤠 #Debanking.” The saga is a click magnet, driving heated arguments and skyrocketing engagement online.
This is more than a policy fight—it’s a cultural and economic showdown. With the crypto industry and conservative base cheering Trump on, and banks bracing for scrutiny, America is on the edge of its seat. Don’t miss the next twist in this electrifying drama!
