In a new executive order, the US president has called on federal regulators to investigate and punish banks for alleged discrimination against conservatives and certain types of business.

President Trump signed an executive order Thursday aimed at stopping banks from barring customers for what he says are political or religious reasons, an attempt to appease conservatives and cryptocurrency types who have complained about their treatment by Wall Street.

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.