**Breaking News: Trump Targets Banks Discriminating Against Conservatives with Potential Executive Order**
In a bold move that could reshape the banking landscape, former President Donald Trump is poised to sign an executive order aimed at punishing banks he alleges discriminate against conservatives. During an appearance on “Fox and Friends,” Trump recounted his own experiences with major banks like JP Morgan Chase and Bank of America, claiming they denied him service due to his political beliefs. “I had hundreds of millions of dollars in cash, and they told me, ‘You have 20 days to get out,'” Trump stated, underscoring the urgency of his initiative.
This potential executive order comes amid growing concerns from conservatives about being “debanked”—a term used to describe the shutting down of accounts based on political affiliations. Former Kansas Governor Sam Brownback, who himself faced account closures, joined the discussion, emphasizing the need for banks to return to their fundamental role as financial institutions rather than political entities. “Banks need to go back to being banks, not social change agents,” he asserted.
The controversy has sparked fierce debate, with JP Morgan Chase denying any political motivations behind account closures but acknowledging the need for regulatory changes. Critics argue that the current regulatory environment has created a chilling effect, where financial institutions feel pressured to avoid working with conservative clients due to fears of backlash from regulators.
As the situation unfolds, the implications for both the banking sector and the broader political landscape are profound. This executive order could set a precedent, igniting a fierce battle over the role of financial institutions in political discourse. With Republicans controlling Congress, the potential for statutory changes looms large, making this a pivotal moment in the intersection of finance and politics. Stay tuned as we continue to cover this developing story.