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JUST IN: 🇺🇸 President Trump orders US government to update regulations to integrate crypto into traditional finance and payment systems.
President Trump signed an executive order to reduce regulatory barriers for fintech firms and supporting the integration of digital assets into traditional finance and payment systems.
The order directs federal financial regulators to review existing rules, guidance, and licensing processes that may limit innovation or restrict partnerships between fintech companies and federally regulated institutions.
A major focus is digital assets and blockchain-based services. The Federal Reserve is asked to evaluate whether non-bank financial companies, including digital asset firms, can directly access Fed payment accounts and payment services.
Regulators have 90 days to identify barriers, while the Federal Reserve has 120 days to deliver its findings and recommendations to the White House.
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