The executive order prompts financial regulators to update rules within 90 days to facilitate fintech integration.
Non-bank crypto firms may gain direct access to Reserve Bank payment services, enhancing market competitiveness.
Regulatory overhauls aim to remove barriers to entry for innovative firms, promoting financial system modernization.
President Donald J. Trump signed an executive order on Monday formally directing the federal government to begin integrating fintech firms, including those in digital assets, into the regulatory plumbing of the U.S. financial system, including, for the first time in an explicit White House directive, by evaluating direct access to Reserve Bank payment accounts and payment services for non-bank…
