The post White House Eyes Fines on Banks Over Political, Crypto Bias appeared on BitcoinEthereumNews.com.

Key Points: White House considers fines for banks over crypto, political bias. Executive order draft targets alleged service terminations. No official statements or confirmations from government leaders. On August 5, 2025, PANews reported that the White House is reportedly planning an executive order to penalize banks for debanking based on political affiliations, including those linked to cryptocurrency firms. This unverified White House proposal could affect financial institutions’ operations, highlighting ongoing tension between politics and banking, though no primary sources confirm such plans as of early August 2025. White House Targets Bank Bias in Draft Order Reports indicate the White House intends to issue fines to banks penalizing clients based on political or crypto affiliations. This draft executive order, if confirmed, instructs regulators to investigate service terminations for alleged discrimination. The proposed changes could heighten regulatory scrutiny over bank practices, particularly towards cryptocurrency firms. This move aligns with broader policy objectives seen in recent executive actions under President Trump’s administration. “We are committed to ending illegal discrimination and restoring merit-based opportunity in our nation,” President Donald Trump stated, underscoring the move as a continuation of his administration’s commitment. Market reactions so far appear muted given the lack of official confirmation. Financial regulatory bodies and cryptocurrency platforms have not issued statements in response to the alleged order. The absence of official endorsements keeps potential market impacts subdued. Bitcoin Price Holds Amid Regulatory News Did you know? Historical scrutiny of bank actions against crypto firms increased during 2023-2024, but executive orders targeting political discrimination in banking are unprecedented. Bitcoin, the leading cryptocurrency, is currently valued at $114,907.33, maintaining a market cap of $2.29 trillion according to CoinMarketCap data. Bitcoin’s price has seen a subtle increase of 0.45% over the past 24 hours but a 2.89% dip over the last week. Trading volume within…

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Filed under: News - @ August 5, 2025 2:21 am