President Trump’s White House is preparing to unleash a powerful executive order targeting woke banks that have waged quiet war against conservatives, Christians, and cryptocurrency companies.
The Wall Street Journal reports that the Trump administration is preparing to fine and investigate financial institutions that discriminate against customers based on political or religious beliefs.
The executive order, currently in draft form, could be signed as soon as this week.
This is a direct strike against the woke banking cartel, which has long operated with impunity while silencing and de-banking Americans who dare to defy the radical left’s agenda.
According to the draft reviewed by the Journal, the order will empower regulators to enforce the Equal Credit Opportunity Act, antitrust laws, and consumer protection statutes against financial institutions that shut down accounts for political reasons.
The penalties could include hefty fines, consent decrees, or other disciplinary action. Violators will be named and shamed.
Earlier this year, President Donald Trump stunned the room into silence at the World Economic Forum (WEF) summit when he publicly confronted Bank of America CEO Brian Moynihan over political bias against conservatives.
Trump called out the banking giant, accusing it of denying services to conservatives.
“And by the way,” Trump said, pointing directly at Moynihan, “speaking of you, and you’ve done a fantastic job, but I hope you start opening your bank to Conservatives.”
“Many Conservatives complain that the banks are not allowing them to do business within the bank. And that included a place called Bank of America.”
“They don’t take Conservatives’ business. And I don’t know if the regulators mandated that because of Biden or what, but you and [Jamie Dimon] and everybody, I hope you’re going to open your banks to Conservatives because what you’re doing is wrong.”
Republican Rep. James Comer was on “Sunday Morning Futures” with Maria Bartiromo and discussed President Trump calling out banks for discriminating against conservative clients.
“Are you investigating whether or not US Banks are debanking conservatives?” Bartiromo asked.
“Yes, we are. We’ve heard numerous instances of conservatives being debanked and what we want to know is this a process of the bank’s ESG policy, or is this our government stepping in like what we found with Twitter and Facebook, where the government stepped in and said they wanted certain conservatives deplatformed and censored,” Comer said.
“We want to know again, is this is the government involvement another dirty trick by the Joe Biden administration, or is this just bad liberal policy that discriminates against conservatives by the bank,” Comer continued.
In 2021, The Gateway Pundit reported that Bank of America searched through customers’ data and transaction records and provided these data to the FBI following the Capitol riot.
The country’s second-largest bank gave data and information to the feds at the request of the US government, without the knowledge or consent of the customers.
Bank of America scanned through customer records to flag the following:
- Were they in DC between January 5 and January 6
- Purchased a hotel stay or AirBnB in DC, Virginia, or Maryland after January 6
- Airline-related purchases since January 6
- Any purchase of weapons between January 7 and their upcoming suspected stay in the DC area around Inauguration Day
Trump officials have long warned that the left weaponizes every lever of government and corporate power against political dissenters—and woke banks were no exception. Conservatives and crypto innovators alike were targeted, frozen out, and smeared—all under the guise of “compliance” and “reputational risk.”
But the Trump White House isn’t backing down. The draft order goes further, instructing bank regulators to eliminate internal policies that facilitated de-banking based on political or ideological factors. It also directs the Small Business Administration to investigate banks that issue SBA-backed loans.
Perhaps most significantly, the order calls for banks violating these laws to be referred directly to the Justice Department.
