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White House intends to issue executive orders prohibiting banks from denying service to customers due to political or crypto business

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White House intends to issue executive orders prohibiting banks from denying service to customers due to political or crypto business

According to Foresight News, the White House is preparing to sign an executive order prohibiting banks from termination of customer service due to political stance or involvement in cryptocurrency business. The draft instructs regulators to investigate whether banks violate relevant laws, and those who violate regulations may be fined, etc. The order may be signed as soon as this week.

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