Wall Street Journal: White House prepares executive order to punish banks that discriminate against crypto companies

The White House is preparing to increase pressure on major banks, threatening to fine lenders if they terminate customers for political reasons, in response to allegations of discrimination against conservatives and cryptocurrency companies. The draft executive order, seen by the media, directs bank regulators to investigate whether any financial institution may have violated the Equal Credit Opportunity Act, antitrust laws, or consumer financial protection laws.