The Trump administration is considering an executive order on 'banking cancellation'.

The administration of American President Donald Trump is considering an executive order to prevent banks from cutting off services to politically unpopular sectors, particularly cryptocurrency companies. This move is made in response to allegations that some banks have denied services to technology and cryptocurrency entrepreneurs in a campaign known as 'Operation Chokepoint 2.0.'

During the Biden administration, at least 30 technology and cryptocurrency founders have been denied access to banking services. Senator Elizabeth Warren has called for action against big banks for political reasons. Although there was positive change in cryptocurrency regulation under Trump, concerns about banking service cutoffs may continue into 2026.

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