📰 【U.S. Representative Introduces the Payment and Settlement Systems Act, Aiming to Modernize Payment Systems】

BlockBeats News, April 21, according to CoinDesk, U.S. Representative has introduced the Payment and Settlement Systems Act (PACE Act), aiming to modernize the payment system in the United States. The bill would allow eligible companies to directly access the Federal Reserve’s payment system, thereby reducing latency, lowering fees, and speeding up the transfer of funds between consumers and businesses. The proposal has received support from fintech and cryptocurrency groups, with the goal of making payments faster, cheaper, and more competitive.
These politicians are playing the same old games again. $SOL $XRP Every time they call for “modernization” and “lowering costs,” it ultimately just means putting yet another layer of regulatory shackles on traditional financial giants. Opening up Federal Reserve interfaces? Sounds wonderful, but the real trap is the eligibility requirements and regulatory details. Crypto groups are rushing to pick sides—be careful that they don’t eventually find themselves only serving as negotiating chips to pressure traditional banks. A true payment revolution has never come from Washington’s bills, but from an immutable on-chain settlement layer.

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