U.S. President Donald Trump is pushing for a review to allow crypto firms and other fintechs to access Federal Reserve payment rails. 

In an executive order on Tuesday, the 19th of May, Trump instructed federal regulators to evaluate and remove current policies that hinder financial innovation. 

To foster this financial innovation, the Federal Government must update regulations to allow integration of digital assets and innovative technology into traditional financial services and payment systems.

Trump gave regulators three months to identify policies hindering financial innovation. Within six months, agencies are expected to recommend changes improving fintech and crypto firms’ access to the Fed’s ‘master accounts.’

These…