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.

In light of President Donald Trump signing an executive order that effectively bans politically-driven debanking, a Kentucky lawmaker plans to introduce legislation codifying fair access to banking for all Americans.