Trump Executive Order to probe the gambling of cryptographic companies: WSJ

Donald Trump is preparing to sign an executive decree to investigate banks and regulators accused of debating cryptographic companies – the practice of refusing financial services on a discriminatory basis.

It’s aCording on August 4 report By the Wall Street Journal, which said that regulators of the banking sector will be invited to investigate the question of whether financial institutions have violated antitrust, financial protection of consumers or fair loan practices within the framework of the Biden administration.

The order also calls for banks to eliminate any internal policy which may have led to the closure of accounts related to political beliefs or cryptographic activity, including those affecting conservative organizations. Institutions deemed in violation could face fines or legal action, and serious affairs will be referred to the Ministry of Justice.

No bank was appointed, but the history of the WSJ said that the order would have criticized the role of companies that would have helped federal investigators investigate the riots that took place in the American Capitol on January 6, 2021.

The order of Trump demanding a regulatory overhaul could be signed this week

The executive decree would also have ordered the banks to terminate one of their policies which may have contributed to the abolition of banks, including those operating by crypto.

In addition, the order orders Small Business Administration of the US Government to examine the practices that guarantee loans granted to small businesses.

It was previously that the corresponding banks in American block transactions involving the crypto (Fiat for the purchase of crypto).

This opens the bank for international crypto.

– CZ 🔶 BNB (@cz_binance) August 5, 2025

According to the report, Trump could sign the executive decree this week. However, it is always possible that the White House can delay or modify the plan.

Calls of Crypto executives to change finally heard

The reported decree comes after the cryptographic industry leaders have long accused the Biden administration of having tried to cut the crypto of the traditional banking system.

The allegations according to which the old administration cut the industry began at the end of 2022 after the collapse of the FTX, the now disabled exchange which turned out to be massive fraud.

During the testimonies during a hearing of the February Congress, the Coinbase legal leader, Paul Grewal, said that the Biden-Era Federal Deposit Insurance Corporation (FDIC) had “struck the banks” with exams and questions concerning the crypto until they “finally reflect under pressure”.

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