Trump’s new crypto executive order sends shockwaves through the financial world. Notably, it excludes the Federal Reserve and FDIC from the digital asset working group—a bold move that many interpret as a rebuke of their previous efforts to stifle the industry through debanking.

This decision has drawn sharp criticism, particularly from Caitlin Long of Custodia Bank, who has accused these agencies of targeting her company and attempting to undermine crypto innovation. By sidelining traditional regulators, the administration signals a shift in power toward pro-crypto policies.