President Donald Trump’s executive order says debanking could include closing accounts “on the basis of their political affiliations, religious beliefs or lawful business

President Donald Trump signed an executive order Thursday that aims to punish banks for restricting services to customers based on their political or religious beliefs, formalizing “debanking” protections that conservatives and crypto industry advocates have been pushing for.

President Trump signed an executive order Thursday aimed at stopping banks from barring customers for what he says are political or religious reasons, an attempt to appease conservatives and cryptocurrency types who have complained about their treatment by Wall Street.