Trump's Team Declares War on Banking Red Tape

President Trump's financial regulators are launching a full-scale assault on the suffocating banking rules that have strangled American businesses for nearly two decades. This is the fundamental reset our economy desperately needed.

Treasury Undersecretary Jonathan McKernan delivered a powerful message that should make every freedom-loving American cheer: "We have to revisit the entire post-crisis regulatory framework."

The truth is crystal clear. McKernan exposed what conservatives have known all along: "Post-crisis regulation has entrenched the big banks, suffocated community banks, and stifled growth and innovation. About the only winners have been the Washington bureaucrats."

Draining the Regulatory Swamp

Comptroller of the Currency Jonathan Gould is leading the charge to demolish the Biden-era banking stranglehold. He's making it clear that Trump's team won't be constrained by the previous administration's failed policies.

"I wouldn't say we are working off their efforts," Gould declared, signaling a complete departure from the regulatory overreach that has plagued American banks.

The Office of the Comptroller of the Currency has already made landmark moves that showcase true American innovation:

• Issuing national trust charters to cryptocurrency firms
• Easing restrictive leveraged lending rules
• Raising asset thresholds for government scrutiny
• Refocusing supervision on financial risks instead of woke "reputational" concerns

Keeping Banking Relevant and Free

Gould understands what the deep state bureaucrats refuse to acknowledge: excessive regulation has pushed vital financial activities out of the regulated banking sector, creating more risk, not less.

"Banks remain exposed to those risks, but the banks have less control over them and less ability to mitigate them," he explained. Meanwhile, government supervisors have less visibility into what's actually happening in the market.

This is exactly the kind of common-sense approach that puts American businesses first and government interference last.

The Road Ahead

Gould made it clear this is just the beginning: "I'd be overstating it to say that we've accomplished all our priorities. We've got a long way to go."

The Trump administration is working to lower barriers that prevent banks from engaging in activities that have shifted to the non-bank sector. This isn't just about banking, it's about keeping American financial institutions competitive and relevant in the global marketplace.

With over 60 trust banks in the OCC's portfolio, including household names with diverse business models, the agency is committed to tailored supervision based on actual risk profiles, not bureaucratic box-checking.

This regulatory reset represents everything conservatives have fought for: less government interference, more economic freedom, and policies that put American innovation first. The swamp creatures who built these suffocating rules are finally being shown the door.