Trump Orders Fed to Review Crypto Firms’ Access to Master Accounts

A notable development has hit the crypto markets. Trump signed an executive order Tuesday directing federal financial regulators to review and update rules for integrating digital assets and fintech into traditional financial services. Federal regulators have 90 days to identify regulations that impede fintech partnerships with federally regulated institutions, followed by 180 days to encourage innovation based on findings.

The Federal Reserve must evaluate within 120 days whether it has legal authority to grant non-bank financial companies, including digital asset firms, direct access to Federal Reserve payment accounts.

Crypto markets are watching this development closely as investors weigh its potential impact on prices.