Trump Executive Order Sets Stage for Crypto Expansion

A new executive order signed by President Donald Trump is expected to have far-reaching implications for the US financial system. The order seeks to strengthen customer identification protocols and fraud screening measures, particularly for undocumented immigrants accessing financial services.

The White House has cited 'gaps in customer identification practices' exploited by criminal networks as a reason for the directive. Analysts note that this could lead to millions of people being pushed further outside traditional banking, potentially towards crypto rails and stablecoins.