WSJ: White House Prepares to Issue Executive Order Punishing Banks for Discriminating Against Cryptocurrency Companies

BlockBeats News, August 5th, according to The Wall Street Journal report, the White House is preparing to increase pressure on large banks in response to their perceived discriminatory behavior towards conservative individuals and cryptocurrency companies. The White House is planning to issue an executive order threatening to fine banks that refuse to serve customers for political reasons.

A draft of the executive order obtained by The Wall Street Journal indicates that the order will direct banking regulators to investigate whether any financial institutions have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.