• President Trump is preparing an executive order to penalize banks that block transactions for bitcoin and digital asset companies.
• The order could impose fines and disciplinary actions on financial institutions engaging in discriminatory de-banking practices.
• Industry leaders, including Changpeng Zhao and Tyler Winklevoss, have voiced support for the move, highlighting its potential to open up banking access for bitcoin businesses globally.

U.S. President Donald Trump is reportedly preparing an executive order that would penalize banks for blocking transactions involving bitcoin and other digital asset companies, according to the Wall Street Journal.

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