President Trump issued an executive order aimed at preventing politicized or unlawful debanking practices, sparking discussions within the financial sector about cryptocurrency banking regulations. Crypto industry experts are closely monitoring this order, which directly impacts banks’ ability to serve crypto businesses. The order mandates that federal agencies prohibit the denial of banking services based solely on reputational risk. Caitlin Long, founder of Custodia Bank, highlights the significance of this change by emphasizing the need for an independent oversight body outside of current financial regulatory frameworks. This move could lead to a shift in how banks operate and assess legal compliance and business operations.