Trump Plans to Sanction Banks That Reject Crypto Companies
Date: 2025-08-06 Author: Gabriel Deangelo Categories: BUSINESS
President Donald Trump intends to implement an initiative aimed at protecting crypto companies from discrimination by banks. The draft presidential order stipulates that US financial regulators will be required to investigate possible violations of antitrust laws, the Equal Credit Opportunity Act, and consumer protection rules in the financial sector.
Companies that limit or stop working with crypto organizations without good reason may be subject to sanctions. Fines and other forms of influence are considered among the penalties.
According to The Wall Street Journal, such actions are in line with Trump's campaign promises, including the fight against the so-called Operation Choke Point 2.0. This term is applied to the actions of the administration of former President Joe Biden, in which banks and other financial institutions were pushed to refuse to serve the crypto sector.
The publication's sources claim that the Trump administration has been considering the possibility of implementing this initiative for about a month, but the final decision has been postponed until a more appropriate moment.
Amid this discussion, calls for regulation of the crypto market are growing. In particular, Michael Saylor, founder and chairman of the board of directors of Strategy, emphasized the need to create an official classification of cryptocurrencies. He believes that it is the lack of a clear legal framework that prevents institutional investors from increasing investments in digital assets.
Thus, Trump's new initiative may change the attitude of banks towards crypto companies, strengthening legal guarantees for industry participants. If the decree comes into force, this will be a noticeable shift in government policy towards the cryptocurrency business and will strengthen the position of digital assets in the US economy.
