Trump signs executive order to halt the "bank service cutoff" in the encryption industry.

[Trump signs executive order to stop the "disruption of banking services for the encryption industry] Former President Trump signed an executive order on Thursday prohibiting federal regulators from blocking banks from providing services to the encryption industry on the grounds of "reputational risk." The White House stated that previous unfair practices have harmed public trust in the financial system and caused economic damage to law-abiding citizens. This move is seen as an important step in ending the "Chokepoint 2.0" operation, which "cut off" bank accounts for the encryption industry. The Fed and other regulatory agencies have pledged not to assess client relationships based on "reputational risk" anymore. Several Republican lawmakers have expressed support for this move, stating that the executive order helps curb financial discrimination and restore regulatory transparency.

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