Trump to order probe on crypto and political debanking claims: WSJ

The White House may issue an executive order directing bank regulators to investigate debanking claims by crypto execs and conservatives, the WSJ reports.

President Donald Trump is reportedly planning to sign an executive order directing banking regulators to investigate claims of debanking made by the crypto sector and conservatives.

Bank regulators would be directed to probe if any financial institutions violated antitrust, consumer financial protection or fair lending practice laws, according to a draft of the executive order seen and reported by The Wall Street Journal on Monday.

Those found violating the laws could face fines or other legal action. Trump could reportedly sign the order this week, but the White House could delay or change the plan.

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