1/ DIGGING THRU Trump's #debanking executive order--it contains some hidden gems!!! The first one is a doozy--shows the @WhiteHouse understands it can't trust the federal banking regulators: It brought in an overseer to keep 'em honest (with good reason!).

2/ The overseer👇: SBA, a *non-bank* regulator. This speaks volumes: POTUS understands the abuses of power that gave rise to #debanking run deep in the agencies. Look up the political contributions of Fed & FDIC staff--they lean heavily Dem (eg, Fed staff gave 92% to Dems in '24)

3/ But it's not just anyone in charge at the SBA--it's Kelly Loeffler (@SBA_Kelly). She's a bitcoiner. Yes, the White House just gave a *bitcoiner* this 👇 task (!!!).

4/ This is a HUGE tell--the White House doesn't trust the the 3 federal banking agencies (FDIC, Fed & OCC) to clean their own houses. But the SBA has jurisdiction so it's being inserted as a super-regulator above the other 3. Tactically, this is a creative move. POTUS is serious.

5/ "Politicized or unlawful debanking" is defined broadly--it doesn't mention #crypto (or any specific industry or people) by name, but "lawful business activities" is the critical language here. Banks that refused to serve or debanked lawful crypto companies are on the hook.

6/ A GOOD LITMUS TEST to measure the success of this EO is whether the 5 banks that debanked Custodia reinstate us. Federal bank regulators pressured multiple of them to debank us despite our clean compliance record--"because crypto." If they reinstate us, then the EO succeeded👊