Trump's Executive Order Opens Door for Crypto Firms to Access Federal Reserve Payment Channels

US President Donald Trump has taken steps to ease restrictions on access to the Federal Reserve's payment systems with an executive order.

The order instructs regulators to reassess master account access criteria and clarify whether each regional Fed bank possesses independent authority to approve or reject applications. This policy shift may lead to a tiered-access framework, enabling crypto firms to gradually integrate into the mainstream payment system without compromising risk controls.

Regulators are set to review existing rules and eliminate redundant regulations that hinder financial innovation. The outcome of this review will determine whether firms like Kraken, Ripple, Coinbase, and others can reduce their reliance on intermediary banks and move closer to the core U.S. dollar wholesale clearing infrastructure.