Trump Signs Executive Order Asking Fed To Evaluate Fintech's Access To Payment Accounts: Win-Win For Crypto Companies?

President Donald Trump signed an Executive Order on Tuesday directing regulators to take measures to promote fintech innovation, including an assessment of extending access to Federal Reserve payment rails. Regulators Instructed To Do Away With ‘Outdated' Laws The Executive Order specifically instructed the Fed to evaluate the potential for uninsured depositories and non-bank fintechs to access Fed payment accounts and services.