Know the new law "Guaranteeing Fair Banking for All

Knowing the New Law by President Trump

📜 Executive Order: "Guaranteeing Fair Banking for All Americans" (August 7, 2025)# Trending

President Donald Trump signed this Executive Order to end the so-called "debanking" practice, or denial of financial services to individuals or businesses with political, religious beliefs, or engaged in activities that are legal but unpopular in the eyes of the Superintendent of Finance.

🎯 The main purpose of this order.

• Prohibit federal financial regulators such as the FDIC, OCC, Federal Reserve, CFPB, etc., encouraging or allowing financial institutions to refuse services to their clients based on political or religious beliefs.

• Dismiss guidelines using the terms "reputational risk" or "reputational risk."

This has historically been used as an excuse to refuse services to legitimate businesses, such as adult games, or socially controversial content.

💳 Impact on Visa, Mastercard, PayPal and Stripe

Although this order does not directly name the company, it affects payment providers such as Visa, Mastercard, PayPal and Stripe, which have been accused of using "reputational risk" as a reason to pressure platforms to remove or restrict certain types of content, such as:

• Games or works with adult content

• Creators who express political views

• Platforms like Steam, Itch.io, Patreon, Pixiv that used to be forced to change policies to maintain connectivity to payment systems.

🌍 Has a global effect?

Not Direct - This directive is domestic law in the United States and applies only to federal regulators such as the FDIC, OCC, Federal Reserve, etc., that regulate banks and financial service providers in the United States.

But...

🌐. Potential indirect impact worldwide.

• Visa and Mastercard may need to adjust their global policies to comply with US requirements, especially if there is pressure from users or business partners.

• Global platforms such as Steam, Patreon, Pixiv that have been pressured to remove certain types of content may gain more freedom in business if the payment company adjusts its posture.

• It may inspire other countries to consider enacting similar laws to prevent "debanking" or financial censorship.