The Fed\u2019s Role Under Scrutiny<\/h2>\n
The order calls on the Federal Reserve\u2019s Board of Governors to weigh whether uninsured depository institutions and non-bank financial companies that deal in digital assets<\/a> should get direct access to Reserve Bank payment accounts and services.<\/p>\n It also asks the Fed to look at legal barriers to that access and, if current law allows it, to set up clear application procedures. Decisions on completed applications would need to come within 90 days.<\/p>\n That directive is one piece of a much larger policy move. Trump signed the order Monday, instructing federal regulators across multiple agencies to update their rules and clear the way for crypto and fintech firms to work alongside traditional financial institutions.<\/p>\n The order sets a government-wide goal of cutting unnecessary barriers to entry and encouraging cooperation between technology-driven financial companies<\/a> and federally regulated banks<\/a>.<\/p>\n LATEST: Trump just signed a new executive order that could change crypto banking in America and could open the US banking system to crypto and fintech companies.<\/p>\n The Fed has 120 days to study whether digital asset companies can use the same banking infrastructure as major banks.\u2026 pic.twitter.com\/IvlE5qoGsw<\/a><\/p>\n![\"\"](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/05\/a_8b7676.png?resize=1024%2C341\")
<\/p>\n\n