On May 20, 2026, U.S. President Donald Trump signed an executive order aimed at streamlining cryptocurrency regulations. The directive instructs federal financial regulators to simplify rules within a 90-day window, potentially opening the Federal Reserve payment systems to digital asset companies.
The regulatory overhaul will involve a comprehensive review by mid-August, with agencies such as the Federal Reserve, Consumer Financial Protection Bureau, and Securities and Exchange Commission participating. The Federal Reserve has been tasked with submitting an evaluation report within 120 days regarding its legal authority to grant direct access to Federal Reserve payment accounts for non-bank financial companies.