Trump orders review of fintech firms' access to Fed payment services
Financial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters.
Crypto News·
Galaxy Research head Alex Thorn put CLARITY Act passage at 75% and forecast a Trump signing the week of Aug. 3 if Congress holds pace.
Read full articleFinancial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters.
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“Congress has the power to slam the brakes on this unwise conflict,” said bill sponsor and Democratic Senator Tim Kaine.
Trump ordered federal regulators to review fintech and digital asset rules tied to banking and payment system access. The order gives agencies 90 days to identify barriers facing fintech firms and digital asset companies. Trump Order Targets Digital Asset Access to Payment Rails President Donald Trump issued an executive order on May 19 directing federal […]
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