A Wall Street Journal report is suggesting a potential executive order from Trump to prevent banks from “debanking” Bitcoin and crypto clients, a move that could counter a trend where banks have restricted services to crypto firms, as noted in a 2025 House investigation highlighting over 30 tech founders affected, per Marc Andreessen on the Joe Rogan podcast.
This aligns with Trump’s recent pro-crypto stance, including a March 2025 executive order to create a national Bitcoin reserve and a January 2025 order for a crypto working group, reflecting a shift from prior regulatory hostility, as the SEC dropped lawsuits against major U.S. crypto companies since his January inauguration.
Data from the Federal Reserve Chair Jerome Powell in January 2025 supports this policy shift, stating banks can serve crypto clients if risks are managed, challenging earlier perceptions of systemic opposition and potentially boosting Bitcoin’s mainstream adoption, as seen with Texas’s recent state Bitcoin reserve legislation.
