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Trump Orders Fed To Reassess Fintech Access To Payment System – As Crypto Firms Eye Access
U.S. President Donald Trump on Tuesday signed an executive order requiring federal financial regulatory agencies to re-evaluate rules that restrict fintech and digital asset companies’ access to the U.S. payment system. Executives in the cryptocurrency industry immediately voiced support, while banking trade groups issued cautious responses. The executive order mandates that the Federal Reserve assess the legal framework governing relevant institutions’ access to payment accounts. All federal regulatory agencies must submit their research conclusions within 90 days. The White House fact sheet explicitly stated ... (full story)
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