Banks face pressure from crypto and conservative groups

Description

The White House is gearing up to issue a sweeping executive order aimed at cracking down on banks accused of discriminating against conservative organizations and cryptocurrency businesses. A draft of the order, reviewed by The Wall Street Journal, reveals that financial institutions could face stiff penalties for denying services based on political affiliations or ties to the crypto industry. The directive would require federal regulators to investigate potential violations of key laws, includi...