WSJ: The White House is preparing to issue an executive order to punish banks that discriminate against encryption companies.

On August 5, according to The Wall Street Journal, the White House is preparing to intensify pressure on large banks regarding their perceived discriminatory practices against conservative individuals and Crypto Assets companies, planning to issue an executive order that threatens fines for banks that refuse service to customers for political reasons. A draft of the executive order obtained by The Wall Street Journal indicates that the order will instruct banking regulators to investigate whether any Financial Institution has violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.