{"id":14806,"date":"2025-08-07T20:46:45","date_gmt":"2025-08-07T18:46:45","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=14806"},"modified":"2025-08-07T20:46:45","modified_gmt":"2025-08-07T18:46:45","slug":"trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/","title":{"rendered":"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns"},"content":{"rendered":"<p> &#8220;`html<br \/>\n<\/p>\n<div data-v-43e640e6=\"\">\n<p>US President Donald Trump is poised to endorse an executive order on Thursday commanding federal banking regulators to pinpoint and penalize financial entities that have partaken in \u201cdebanking.\u201d<\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-07\/trump-to-sign-order-targeting-banks-on-political-discrimination?srnd=phx-crypto\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">As<\/a> reported by Bloomberg on Thursday, referencing a senior White House official, regulators are mandated to analyze complaint data, while financial institutions governed by the Small Business Administration will be urged to make efforts to restore clients who were wrongly denied banking services.<\/p>\n<p>Debanking has been a significant issue among certain political factions, who contend that businesses such as firearms producers and fossil fuel corporations have been denied financial services for ideological motives.<\/p>\n<p>This was also a frequent grievance among cryptocurrency enterprises. During the term of former President Joe Biden, allegations surfaced of a new program labeled \u201c<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/choke-point-continues-to-hurt-kamala-harris-crypto-reset\" rel=\"https:\/\/cointelegraph.com\/news\/choke-point-continues-to-hurt-kamala-harris-crypto-reset\" target=\"https:\/\/cointelegraph.com\/news\/choke-point-continues-to-hurt-kamala-harris-crypto-reset\" title=\"https:\/\/cointelegraph.com\/news\/choke-point-continues-to-hurt-kamala-harris-crypto-reset\">Operation ChokePoint 2.0<\/a>,\u201d which some speculated was an attempt to push crypto businesses overseas during the 2022 downturn.<\/p>\n<p><iframe title=\"Eric Trump Explains How His Dad Could Propel BTC to $1M\" width=\"814\" height=\"458\" src=\"https:\/\/www.youtube.com\/embed\/ddVTOZ5kqt4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Notwithstanding the shift in rhetoric under the Trump administration, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-debanking-problem-persists-despite-new-regulations\" title=\"null\">claims of debanking have continued<\/a>.<\/p>\n<p>According to Bloomberg, the executive directive will require regulators to remove the \u201creputational risk\u201d classification from guidance and training resources. Detractors assert that this classification was utilized to unjustly target crypto firms.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/the-rise-of-stablecoins\" title=\"null\"><em><strong>From debanking to a banking arms race: The emergence of stablecoins<\/strong><\/em><\/a><\/p>\n<h2>A coalition of banks seeks to hinder crypto banking applications<\/h2>\n<p>As the Trump administration strives to conclude debanking, a consortium of influential banking associations is working to obstruct several crypto firms, including Ripple, from acquiring banking licenses.<\/p>\n<p><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.aba.com\/-\/media\/documents\/letters-to-congress-and-regulators\/jointltrtrustcharter20250717.pdf?rev=ce8489ef41574e91822393ad04c3cb62\" rel=\"noopener nofollow\" target=\"_blank\" title=\"null\">As indicated<\/a> in a communication to the Office of the Comptroller of the Currency (OCC) dated July 17, the American Banking Association, Consumer Bankers Association, National Bankers Association, America\u2019s Credit Unions, and Independent Community Bankers of America aim to prevent banking applications from four digital asset providers, including Ripple and Fidelity.<\/p>\n<p>In their correspondence, the associations assert that \u201cthere are substantial policy and legal inquiries regarding whether the Applicants\u2019 proposed business plans encompass the types of fiduciary activities traditionally conducted by national trust banks.\u201d Furthermore, the associations claim that the \u201cpublic segments of the Applications do not facilitate substantial public oversight.\u201d<\/p>\n<figure><figcaption style=\"text-align: center;\"><em>Letter from banking associations to OCC. Source: <\/em><a href=\"https:\/\/www.aba.com\/-\/media\/documents\/letters-to-congress-and-regulators\/jointltrtrustcharter20250717.pdf?rev=ce8489ef41574e91822393ad04c3cb62\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/www.aba.com\/-\/media\/documents\/letters-to-congress-and-regulators\/jointltrtrustcharter20250717.pdf?rev=ce8489ef41574e91822393ad04c3cb62\"><em>ABA<\/em><\/a><\/figcaption><\/figure>\n<p>Ripple, the developers of cryptocurrency XRP (<a href=\"https:\/\/cointelegraph.com\/xrp-price-index\">XRP<\/a>), <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/ripple-applies-us-banking-license-joining-circle\" title=\"null\">submitted a request for a banking license on July 2<\/a>. The request was made shortly after Circle, the producer of stablecoin USDC (<a href=\"https:\/\/cointelegraph.com\/usdc-price-index\">USDC<\/a>), applied to form a national trust bank to manage its stablecoin reserves.<\/p>\n<p>The applications underscore the increasing intersection between conventional financial institutions and indigenous crypto firms, heightening competition throughout the financial services sector.<\/p>\n<p>Stablecoin enterprises, in particular, have introduced innovative payment methodologies, which may conflict with the frameworks established by traditional banks and credit card firms. The GENIUS Act, a US legislative measure to regulate stablecoins and their issuers, <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/explained\/what-does-the-us-genius-act-mean-for-stablecoins\" title=\"null\">was enacted on July 18<\/a>.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/xrp-ripple-bad-actor-no-precedent-legal\/\" title=\"null\"><em><strong>Legal Panel: XRP victory leaves Ripple as a \u2018bad actor\u2019 without established crypto legal precedence<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\" label=\"Subscription Form: Crypto Biz Newsletter\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/trump-sign-eo-financial-institutions-debanking-report?utm_source=rss_feed&#038;utm_medium=rss_tag_regulation&#038;utm_campaign=rss_partner_inbound\">Source link <\/a><br \/>\n&#8220;`<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;`html US President Donald Trump is poised to endorse an executive order on Thursday commanding federal banking regulators to pinpoint and penalize financial entities that have partaken in \u201cdebanking.\u201d As reported by Bloomberg on Thursday, referencing a senior White House official, regulators are mandated to analyze complaint data, while financial institutions governed by the Small<\/p>\n","protected":false},"author":3,"featured_media":14807,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[3236],"class_list":["post-14806","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-and-markets","tag-return-a-list-of-comma-separated-tags-from-this-title-trump-to-sign-an-eo-over-ideological-debanking-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"&#8220;`html US President Donald Trump is poised to endorse an executive order on Thursday commanding federal banking regulators to pinpoint and penalize financial entities that have partaken in \u201cdebanking.\u201d As reported by Bloomberg on Thursday, referencing a senior White House official, regulators are mandated to analyze complaint data, while financial institutions governed by the Small\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/\" \/>\n<meta property=\"og:site_name\" content=\"WSJ-Crypto\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-07T18:46:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"wsjcrypto\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Scritto da\" \/>\n\t<meta name=\"twitter:data1\" content=\"wsjcrypto\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tempo di lettura stimato\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minuti\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/\",\"url\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/\",\"name\":\"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns - WSJ-Crypto\",\"isPartOf\":{\"@id\":\"https:\/\/wsj-crypto.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg\",\"datePublished\":\"2025-08-07T18:46:45+00:00\",\"author\":{\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\"},\"breadcrumb\":{\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#breadcrumb\"},\"inLanguage\":\"it-IT\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#primaryimage\",\"url\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg\",\"contentUrl\":\"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg\",\"width\":1200,\"height\":799},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wsj-crypto.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wsj-crypto.com\/#website\",\"url\":\"https:\/\/wsj-crypto.com\/\",\"name\":\"WSJ-Crypto\",\"description\":\"Just Another Crypto News Website\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wsj-crypto.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"it-IT\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7\",\"name\":\"wsjcrypto\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"it-IT\",\"@id\":\"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g\",\"caption\":\"wsjcrypto\"},\"url\":\"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns - WSJ-Crypto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/","og_locale":"it_IT","og_type":"article","og_title":"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns - WSJ-Crypto","og_description":"&#8220;`html US President Donald Trump is poised to endorse an executive order on Thursday commanding federal banking regulators to pinpoint and penalize financial entities that have partaken in \u201cdebanking.\u201d As reported by Bloomberg on Thursday, referencing a senior White House official, regulators are mandated to analyze complaint data, while financial institutions governed by the Small","og_url":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/","og_site_name":"WSJ-Crypto","article_published_time":"2025-08-07T18:46:45+00:00","og_image":[{"width":1200,"height":799,"url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg","type":"image\/jpeg"}],"author":"wsjcrypto","twitter_card":"summary_large_image","twitter_misc":{"Scritto da":"wsjcrypto","Tempo di lettura stimato":"2 minuti"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/","url":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/","name":"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns - WSJ-Crypto","isPartOf":{"@id":"https:\/\/wsj-crypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#primaryimage"},"image":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#primaryimage"},"thumbnailUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg","datePublished":"2025-08-07T18:46:45+00:00","author":{"@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7"},"breadcrumb":{"@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#breadcrumb"},"inLanguage":"it-IT","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/"]}]},{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#primaryimage","url":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg","contentUrl":"https:\/\/wsj-crypto.com\/wp-content\/uploads\/2025\/08\/0195d528-b659-7026-9f86-c3a852269fbb.jpeg","width":1200,"height":799},{"@type":"BreadcrumbList","@id":"https:\/\/wsj-crypto.com\/index.php\/2025\/08\/07\/trump-set-to-issue-executive-order-addressing-ideological-debanking-concerns\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wsj-crypto.com\/"},{"@type":"ListItem","position":2,"name":"Trump Set to Issue Executive Order Addressing Ideological Debanking Concerns"}]},{"@type":"WebSite","@id":"https:\/\/wsj-crypto.com\/#website","url":"https:\/\/wsj-crypto.com\/","name":"WSJ-Crypto","description":"Just Another Crypto News Website","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wsj-crypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"it-IT"},{"@type":"Person","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/88a93723b30416db1a352d5a0096c4a7","name":"wsjcrypto","image":{"@type":"ImageObject","inLanguage":"it-IT","@id":"https:\/\/wsj-crypto.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86fe8af82ea089646d6639ca2f87e0243d8688d957bd8e3ec22ec3c457cc16d4?s=96&d=mm&r=g","caption":"wsjcrypto"},"url":"https:\/\/wsj-crypto.com\/index.php\/author\/wsjcrypto\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/14806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/comments?post=14806"}],"version-history":[{"count":2,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/14806\/revisions"}],"predecessor-version":[{"id":14809,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/posts\/14806\/revisions\/14809"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media\/14807"}],"wp:attachment":[{"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/media?parent=14806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/categories?post=14806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wsj-crypto.com\/index.php\/wp-json\/wp\/v2\/tags?post=14806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}