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Trump targets purported debanking of conservatives, crypto in executive order

( August 7, 2025, 21:37 GMT | Official Statement) -- MLex Summary: President Donald Trump signed an executive order intended to prevent financial institutions from denying or restricting services based on political beliefs, religious beliefs or lawful business activities. Among other things, the order directs banking regulators to "remove reputational risk and other equivalent concepts" that enable debanking from their guidance, examination manuals and other materials. It also tells regulators to review past or current policies at banks that encouraged debanking, and to take remedial action.Statement and order follow below: ...

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