Yes, he did. But no, this seems unlikely to change the current situation with Itchio & Payment Processors (PPs).
The Executive Order (EO) is limited in several ways, including the fact that PP are not financial institutions (FIs) but are instead servicers. However, PP could arguably decide to comply anyway if they are perceived as engaging in discriminatory behavior. But, the current situation is due to activist groups, not because of FI regulations. The EO won't change the impact of those activist groups; it seems unlikely the PPs will care.
Also, the EO only prohibits FIs from "politicized or unlawful debanking" which might appear to apply here, but the EO's focus is not the protection of NSFW content; the EO claims to protect political or religious beliefs.
If the EO does somehow change PP willingness to process "adult" material, the EO will likely only last until the next president is elected.
Real change would probably require Congress to act. And it should be bipartisan if it is going to have a lasting impact. The other real change that is needed is to break up the duopoly of MC/Visa. It does not seem likely that any of these things will happen very soon.
All of the above will have court challenges. It might be that pushing back against the activist groups will be more effective than hoping the EO will help in this situation.
The current situation has not been handled well by anybody. We are a nonprofit org and none of our games are adult - but two are shadowbanned.* This is because, among other things, Stripe and Itchio moved ahead so quickly with their actions that affected communities did not have a reasonable opportunity to respond. The adverse impact on groups like ours might eventually involve the legal system and that is morely likely to change this mess than the EO will.
(None of the above is legal advice but just a high-level discussion of the law and public policy. I have worked for, and with, FIs and PPs in the past. I also have a law degree. And now I run a nonprofit org that is being harmed by these actions.)
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*UPDATE: The two referenced games have been re-indexed as of Aug 14, 2025.
I uploaded optimized copies of my game chris griffin stares at a women's butt. it was never meant to be public. but it was linked from my newgrounds account. it was removed on newgrounds because of copyright infringement. then all my games were delisted even those that weren't nsfw. my games never got much traction but there was a point in time when they were searchable. there was a problem with autoplay on all my html5 games unrelated to itch.io. the load immediately option was used when it shouldn't have been.
my game can load on firefox if autoplay is set to allow audio and video for itch.io. I also recently made public a couple of private projects that were just basically demos for functionality of the sega genesis made by gamehut the creator of the lego star wars games and a developer at travelers tales. I had a file where I added special functionality to his example bin but I must have uploaded the wrong one. the files I uploaded as my own repository for checking things on mobile was basically just the example file he provided with his genesis compiler.
the interactive movie is here. it's mainly just a movie but you can control the character while they talk.
https://ipodtouchhtml5b.itch.io/banned-on-io
do squirrels collect nuts because theyre too sane
if paul is a pepperoni pizza
does zeus get offended when he realizes hezeus is another way of saying jesus
if you run system diagnostics
if Linux is for programmers and hackers program is Linux also for hackers
is bird of prey a predator or a child of prey
in back to the future they don't need roads but do they at least need runways
if sonic is a werehog at night and a hedgehog during the day does sonic have bipolar disorder
the great way to explain what is the meaning of this is to get out a dictionary.
