Reported 2 days ago
On August 7, 2025, President Donald Trump signed an executive order to prevent U.S. banks from cutting ties with cryptocurrency entities, addressing what the administration calls 'ideological debanking.' The order directs federal banking regulators to remove 'reputational risk' as a reason for severing customer relationships, asserting that such tactics are undermining trust in the banking system and harming legitimate businesses. This move follows recent tensions between crypto exchange Gemini and JPMorgan, prompting Trump to take action on behalf of the crypto sector.
Source: YAHOO