President Donald Trump signed an executive order Thursday that aims to punish banks for restricting services to customers based on their political or religious beliefs, formalizing “debanking” protections that conservatives and crypto industry advocates have been pushing for.

President Trump signed an executive order Thursday aimed at stopping banks from barring customers for what he says are political or religious reasons, an attempt to appease conservatives and cryptocurrency types who have complained about their treatment by Wall Street.

President Donald Trump today signed an executive order designed to ban banks from denying services based on ideological or religious affiliations, while also instructing regulators to investigate institutions accused of so-called "debanking.