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Recently, a significant financial policy reform is brewing in Washington. Sources reveal that the White House is actively preparing an executive order aimed at regulating banking practices to prevent account discrimination caused by political positions and other factors.
The upcoming executive order will focus on banks' attitudes towards conservative groups and cryptocurrency-related businesses. It is reported that the order will empower relevant regulatory agencies to conduct a comprehensive investigation into the business practices of financial institutions, with a particular emphasis on whether there are violations of regulations such as the Equal Credit Opportunity Act, antitrust laws, or consumer protection laws.
Once violations are detected, relevant financial institutions may face severe penalties. These measures may include but are not limited to hefty fines, signing consent orders, or other forms of administrative sanctions. This move aims to create a fairer and more transparent financial environment, ensuring that all legitimate groups and businesses can equally access financial services.
This policy trend reflects the current U.S. government's high emphasis on fairness in the financial sector, and also highlights the potential contradictions between traditional financial institutions and emerging financial models in the era of the digital economy. Analysts believe that if this executive order is ultimately implemented, it will have a profound impact on the operating model of the U.S. financial industry, potentially steering the entire sector towards a more inclusive and diverse direction.