President Trump signs executive order punishing financial institutions that engage in ”debunking,” a practice that restricts access to banking services.

US President Donald Trump signed an executive order imposing fines on financial institutions involved in "debunking," which restricts access to banking services.
On the 7th (local time), Cointelegraph reported that President Trump signed an executive order at the White House regarding the punishment of financial institutions involved in debanking.
"If a financial institution engages in debanking, regulators can take action, including fines," the White House said.
Up until now, there have been many cases of "debunking" of virtual asset companies in the United States.
It is analyzed that this was part of the "Choke Point 2.0" policy implemented during the term of former US President Edward Pence, which hindered the use of banking services by virtual asset companies.