The White House is preparing an executive order that would penalize banks for cutting off customers over their beliefs. The order, reported on by the Wall Street Journal, is expected to be signed by President Donald Trump as early as this week.

The White House's executive order aims to tackle Operation Chokepoint 3.0, restricting banks from making politically driven decisions.

The White House plans to step up pressure against banks over perceived discrimination against conservatives and crypto companies, with an executive order that threatens to fine lenders that drop customers for political reasons.