Trump executive order urges 90-day review to open Fed payment access for digital assets

President Donald Trump signed an executive order on May 19 instructing U.S. financial regulators to review rules that affect fintech firms, digital asset companies, and blockchain-based financial services. Agencies have 90 days to identify barriers tied to partnerships, charter and licensing reviews, and other federal authorizations, while the Federal Reserve is asked to assess whether certain non-banks and uninsured depository institutions can obtain payment accounts and services.