Trump orders government, Fed to review crypto firms' access to payment rails
CoinDesk
President Trump signed an executive order directing regulators to streamline access for fintech and crypto firms to traditional financial payment systems.Summary
U.S. President Donald Trump has signed an executive order aimed at integrating digital assets and innovative financial technologies into the traditional U.S. banking system. The order requires federal financial regulators to review and remove barriers that currently prevent fintech companies from partnering with federally regulated institutions. Additionally, it tasks the Federal Reserve with evaluating how non-bank and uninsured financial entities can access payment accounts and services, potentially easing pathways for crypto-friendly firms like Wyoming special purpose depository institutions. This initiative is intended to foster innovation while streamlining regulatory processes over the next three to six months.
(Source：CoinDesk)