Trump orders government, Fed to review crypto firms' access to payment rails
President Donald Trump has issued an executive order directing the federal government and the Federal Reserve to review how crypto firms can access payment services. The order aims to streamline regulatory processes and encourage collaboration between fintech firms and federally regulated institutions. Additionally, the order seeks to address gaps in regulation between banks and non-bank entities.
- ▪Trump's executive order aims to integrate digital assets into traditional financial services.
- ▪The order directs financial regulators to review existing rules that may hinder fintech firms.
- ▪The Federal Reserve is tasked with reviewing access to payment accounts for non-bank financial firms.
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PolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailTrump orders government, Fed to review crypto firms' access to payment railsDonald Trump's executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.By Nikhilesh De|Edited by Jesse HamiltonUpdated May 20, 2026, 12:21 a.m. Published May 19, 2026, 10:54 p.m. 2 min readMake preferred on President Donald Trump (Jesse Hamilton/CoinDesk)U.S. President Donald Trump ordered the federal government to update its regulatory frameworks to integrate "digital assets and innovative technology into traditional financial services and payment systems" in an executive order signed Tuesday.According to the document, the U.S.
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