Custodia Bank Founder: The Real Test of the De-banking Executive Order Lies in Whether Banks Will Be Forced to Resume Services for Crypto Companies

Caitlin Long, founder and CEO of Custodia Bank, stated that Trump’s de-banking executive order provides a broad definition of “politicized/illegal de-banking,” focusing on “lawful business activities” rather than specifically naming cryptocurrency or any particular industry. This means that if a business is otherwise compliant, banks cannot refuse to provide services solely because it is a cryptocurrency company. The order targets not only cryptocurrency firms but also any legitimate businesses that may face political discrimination. At the same time, the real test of Trump’s executive order on decentralizing banking lies in whether banks that have withdrawn services from crypto companies will be compelled to restore those services. Therefore, the success of this executive order will depend on the actual outcome of whether crypto companies can regain access to banking services. If they restore our positions, then the executive order has succeeded.