Trump’s Crypto-Fix: Will He Finally Make Banks Play Nice With Bitcoin?

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  • Well now, seems old Trump’s cookin’ up an executive order to stop banks snubbing crypto folks. 🥸
  • This racket might just put crypto back on solid ground and have Wall Street’s big fish sniffin’ around. 🐟💰

If you thought politics couldn’t get any weirder, U.S. President Donald Trump—yep, that one—is about to slap his signature on a shiny new executive order to keep the bankers from giving crypto companies the cold shoulder. I imagine the banks are sweating harder than a preacher in a dance hall. 🤠

Frankly, this ain’t just a political promise—it’s a spectacle you’d pay a nickel to watch through a hole in a circus tent.

Trump to wrangle banks with executive order

The scribblers at The Wall Street Journal say Trump’s plan would lock banks out of denying service to digital asset outfits just ‘cause they’re into crypto or have funny politics. The Domestic Policy Council, herded by one Vince Haley, will be penning the details. And let me tell ya, this could set off more fireworks than the Fourth of July with a barrel of moonshine nearby.

See, the good folks in certain states (the ones with more cows than people) reckon the banks have been acting like high-minded schoolmarms—turning up their noses at industries like crypto, boomsticks, and folks who dig for black gold, all for “ideological” reasons.

And before you think the squabble’s all Republican, even Democratic firebrand Senator Elizabeth Warren leapt on the bandwagon, hollering for Trump’s crew to take a magnifying glass to the banks’ shenanigans.

She said,

“For me this is straightforward: It doesn’t matter who you voted for, what you believe in, or the origin of your last name, people shouldn’t be arbitrarily denied access to their banks, locked out of their accounts or stripped of their banking privileges.”

Meanwhile, hotshots from JPMorgan, Wells Fargo, and Citibank are busy jawing with officials from cowboy country—Texas and Oklahoma—like schoolkids called to the principal’s office. 🍏

Crypto guys: Good news, or just another wild goose chase?

The crypto crowd’s calling this a counter-punch to “Operation Chokepoint 2.0”—that’s the conspiracy theory where Biden’s gang was supposedly boxing crypto out of banks. Can’t say I blame them after 30-odd tech trailblazers got shut out, wallets empty but for lint and hope.

When Silicon Valley Bank, Silvergate, and Signature all keeled over in March 2023, folks started looking over their shoulders for government men lurking in the shadows.

Now here comes Trump, hat in hand and pen in pocket, looking to play sheriff and open those bank doors back up. If he gets his way, crypto outfits might breathe easy, investors might poke their heads back in, and bank tellers everywhere may dust off their “Bitcoin Accepted Here” signs. 🏦

Of course, expect a pile-up of legal squabbling and political uproar—nothing stirs up lawyers and politicians quite like new rules about money.

Peering into the crystal ball (or Bitcoin wallet)

Trump says he’ll put an end to Operation Chokepoint 2.0 and loosen up SEC rules, but there’s still a frog or two in the cream—crypto outfits can’t quite rest easy while bank doors keep swinging shut.

Jerome Powell, the big cheese at the Federal Reserve, even weighed in—he says the banks can deal with crypto firms if they mind their Ps and Qs.

Powell said,

“Banks get to decide who their customers are and that’s not our decision. Banks are free to provide banking services to the crypto industry and crypto companies.”

Sounds peachy, but you know politicians: always promising pie in the sky. Still, Trump’s crew and the Fed marching in step? Stranger things have happened—like Bitcoin itself. And if this keeps up, maybe even your old Aunt Sally will start asking for her savings in Ethereum. 🪙😂

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2025-06-25 17:51