Yohannes A. retweetledi

Trump signs executive order telling Fed to open payment rails to crypto and fintech firms
President Trump signed an executive order titled "Integrating Financial Technology Innovation into Regulatory Frameworks", directing the Federal Reserve to evaluate expanding payment account access to uninsured depository institutions and non-bank fintech firms, including crypto companies.
The order sets a 90-day window for regulators to review rules impeding fintech, 180 days to take action, and 120 days for the Fed's own evaluation of its master account framework. It also asks the 12 regional Fed banks whether they can grant payment accounts independently of the Board of Governors, a provision that may benefit Wyoming special-purpose depository institutions.
Kraken won the first crypto Fed master account in March, with Ripple, Anchorage Digital, and Wise next in line. If CLARITY stalls in the Senate, the order gives the administration a parallel path to plug crypto into Fed infrastructure without waiting on Congress.
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