Trump Orders Review of Crypto Access to US Payment Systems

President Donald Trump has taken a significant step towards opening up the US financial system to cryptocurrencies and fintech companies.

The executive order directs federal agencies to conduct an initial review of existing regulations within three months, focusing on restrictions that limit access to core US payment systems.

The review is expected to examine long-standing limitations on cryptocurrency and fintech firms' use of Federal Reserve settlement infrastructure, which enables financial institutions to clear and settle transactions with each other.