The founder and former CEO of Binance praised the new executive decree of the White House, calling a global breakthrough for crypto in the United States.
Following the new directive, banks can incur fines for cryptographic prejudices, a decision that could inspire institutional adoption.
The new White House order could force banks to kiss the crypto
The White House works on a decree to target banks that discriminate cryptographic companies and related preservatives. This decision is part of the Trump administration’s decision to deal with debanking practices. This time, Trump takes advantage of the financial repercussions for the authors.
Some consider this to be the greatest breakthrough since the approval of the Bitcoin ETF (funds negotiated in exchange), preparing the way for institutional entries.
“This would force each large bank to adopt cryptographic companies. Prepare for the opening of the Vannes – to come from institutional money, “wrote the investor Paul Barron.
Meanwhile, Changpeng Zhao (CZ) of Binance praises him as a way to make sure that banks can no longer ignore the crypto.
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. https://t.co/yv5nm3fq7x
– CZ
BNB (@cz_binance) August 5, 2025
If the White House progresses with the decrees, the lenders who abandon customers for political reasons would be punished.
The executive decree obliges banking regulators to investigate financial institutions. More closely, he orders regulators to determine whether these institutions have violated the equal opportunities for credit law, antitrust laws or consumer financial protection laws.
The punishment of violations varies from monetary sanctions and consent decrees to disciplinary measures of various extended.
According to the Wall Street Journal, the order is still in the form of a project. It could be signed this week, but the administration reserves the right to delay or modify its plans.
In addition, the project does not distinguish any bank. However, he refers to an example where Bank of America (Bofa) was accused of having closed the accounts of a Christian organization operating in Uganda according to the religious beliefs of the organization.
At the time, Bofa awarded the decision to a decision not to support small businesses serving outside the United States. While the Bofa was in its rights, the Christian organization passes as a curator under the potential executive order of Trump.
Banks face increasing pressure in the middle of the repression of stitch tactics
If the order passes, regulators would be forced to eliminate policies that may have led to customer layoffs. In addition, the Small Business Administration will have to examine the practices of the banks guaranteeing the branches of the agency.
Regulators must also refer potential violations to the Attorney General if necessary.
This development is timely, only a few days after the American banking giants have been accused of having disrupted the growth of cryptographic platforms like Coinbase and Robinhood.
More closely, banking giants and JPMorgan are accused of deliberately inflating costs, limiting access and effectively undermining the cryptography industry.
“If it suddenly costs $ 10 to move $ 100 in a Coinbase or Robinhood account, maybe fewer people will do it. Or if it costs $ 10 to get a cheaper loan from a finish, you may be forced to take a JPM crap,” said Alex Rampell, general partner at Andreessen Horowitz (A16z), expressed his concerns Andreessen Horowitz.
As Beincrypto reported, the tactic reflects a new form of chokepoint operation aimed at removing the Fintech and Crypto competition.
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