Trump Signs Executive Order Directing Federal Reserve to Assess Crypto Companies' Access to Payment Systems

According to BlockBeats, on May 20, Trump signed an executive order on financial technology innovation within regulatory framework, directing the Federal Reserve to evaluate allowing fintech and crypto companies direct access to the Federal Reserve's payment systems. The order requires the Federal Reserve to conduct a comprehensive assessment of the regulatory framework for non-bank company access to Federal Reserve payment accounts and services, and to submit a report to the President within 120 days.
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