The White House is preparing an executive order that would penalize banks for closing accounts or denying services on the basis of customers’ political views or involvement with cryptocurrency businesses, according to a draft reviewed by the Wall Street Journal and cited by Reuters. Under the proposal, regulators such as the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. would be instructed to investigate whether lenders violated the Equal Credit Opportunity Act, antitrust statutes or consumer-protection rules when terminating relationships with conservatives or digital-asset firms. Enforcement tools outlined in the draft include monetary fines and consent decrees. The order, which could be signed as early as this week by President Donald Trump, also directs agencies to eliminate any internal policies that might encourage so-called "debanking." In addition, the Small Business Administration would be required to examine the practices of banks that participate in its loan-guarantee programs. The move follows Republican accusations that large financial institutions engaged in "woke capitalism" by cutting ties with gun manufacturers, fossil-fuel companies and right-leaning organizations during the previous administration. In January, Trump criticized JPMorgan Chase and Bank of America for allegedly refusing services to conservative groups, claims both banks denied. If enacted, the measure would mark the administration’s most forceful effort yet to expand banking access for cryptocurrency firms and politically affiliated customers.