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Trump Executive Order To End “Debanking” (Cancelling) and Other Abuses and Discrimination of Conservatives By banks

Wednesday, August 6, 2025 9:33

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“Debanking” (cancelling the bank accounts of those who opposed left wing autocracy) wasn’t a rare or exceptional occurrence, it was widespread. JP Morgan Chase “debanked” our organization, American Freedom Defense Initiative. Debanking was made possible due to regulators being given latitude to flag accounts as a “reputational risk” during the Obama Administration.

BREAKING: It has just been revealed that JP Morgan and Bank of America debanked President Trump *UNDER PRESSURE FROM THE BIDEN ADMINISTRATION* over Jan. 6th, per NYP.

Tens of millions of dollars in holdings removed from JP Morgan and denied entry into Bank of America.

This… pic.twitter.com/cPLtbTAMyp

— Eric Daugherty (@EricLDaugh) August 5, 2025

Obama and Biden-era debanking was particularly chilling as it was a strike at the core ability to engage in whatever given endeavor. Wall Street Journal: The White House is preparing to step up pressure against big banks over perceived discrimination against conservatives and crypto companies with an executive order that threatens to fine lenders that drop customers for political reasons. A draft of the executive order, which was viewed by The Wall Street Journal, directs bank regulators to investigate whether any financial institutions might have violated the Equal Credit Opportunity Act, antitrust laws or consumer financial-protection laws. Violators could be subject to monetary penalties, consent decrees or other disciplinary measures, according to the draft (Wall Street Journal).

A debanking situation just happened to me last week with one of my banks though public pressure got it resolved quickly.

I’m so glad to see the President take action against these banks.

If I didn’t have over 1,000,000 followers combined across social media platforms, I’m sure… pic.twitter.com/5zwthe8QXp

— Joey Mannarino (@JoeyMannarinoUS) August 5, 2025

The order is expected to protect crypto companies as well. Decrypt: Trump has personal experience with banking discrimination, telling Decrypt in June that “big banks were very nasty to us” during Biden’s presidency. “The regulators control the banks,” the U.S. President said, noting that federal agencies, not bank executives, are the true decision-makers behind debanking. Bo Hines, Executive Director of the White House’s Presidential Working Group on Digital Assets, confirmed administrative action was forthcoming, previously telling Decrypt that “the industry can expect something in short order.” If signed, the executive order would direct federal agencies to dismantle internal policies that enabled debanking, refer violations to the Justice Department, and review how the Federal Reserve handles access to critical banking infrastructure for crypto firms (Decrypt).

https://twitter.com/SteveGuest/status/1952718626634506744

Trump describes his own episode with debanking: Speaking on CNBC on Tuesday and seemingly referring to the period after he first left the White House in 2021, Trump said he was informed by JPMorgan that it was closing his accounts. “I was loaded up with cash and they told me, ‘I’m sorry, sir, we can’t have you. You have 20 days to get out’. I said, ‘You’ve got to be kidding. I’ve been with you for 35, 40 years’,” said the US president. Trump said he then tried to open an account with Bank of America, and spoke directly to chief executive Brian Moynihan, but they refused his business. “Brian was kissing my a** when I was president,” Trump said. “And he said, ‘We can’t do it. No, we can’t do it’ (Financial Times)

Source: https://gellerreport.com/2025/08/trump-executive-order-to-end-debanking-cancelling-and-other-abuses-and-discrimination-of-conservatives-by-banks.html/

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