The U.S. government is preparing a major policy shift that could reshape how banks treat crypto. A White House official has confirmed that a new Executive Order will penalize financial institutions for discriminating against crypto firms.
This means banks could now face fines if they block or deny services to businesses simply for being in the crypto space. According to analyst Paul Barron, this move may be the biggest regulatory catalyst since the approval of Bitcoin ETFs.
CZ Sees Global Impact on Banking Access
Changpeng Zhao (CZ), founder of Binance, responded quickly to the news. He shared that U.S. correspondent banks have historically blocked fiat transactions meant for buying crypto.
With this new order, CZ believes the situation will finally change. “This opens banking for crypto internationally,” he posted on X. His statement points to a broader impact beyond the U.S., especially in regions where banks rely on U.S. partners to process crypto-related transfers.
Institutional Adoption Could Accelerate
Industry analysts say the Executive Order could encourage more banks to serve crypto clients. With legal protection and clearer guidelines, financial institutions may stop avoiding digital asset firms out of fear.
This move could finally give crypto startups, like exchanges and blockchain builders, the banking tools they’ve long needed. For everyday investors, it might bring simpler ways to buy crypto, faster withdrawals, and more trusted platforms getting involved.
As Barron puts it, “Get ready for the floodgates to open, institutional money is coming.” He sees the Executive Order as a tipping point for broader crypto adoption in traditional finance.
A Turning Point for U.S. Crypto Regulation
While the exact details of the Executive Order are not yet public, the intent is clear. The U.S. aims to end unfair banking practices targeting crypto companies. This shift signals growing acceptance of crypto at the federal level, after years of regulatory tension. It also reflects pressure from the industry to secure fair treatment under existing financial laws.
If enforced effectively, this order could bring long-term stability to crypto banking, something the sector has demanded for years. With both CZ and analysts calling it a game-changer, the industry is watching closely.