ICYMI: #Trump recently signed an executive order that could actually change how crypto firms operate inside the US financial system.

The order titled "Integrating Financial Technology Innovation into Regulatory Frameworks" directs six federal regulators to review existing rules blocking fintech and crypto firms from accessing payment infrastructure.

They have 90 days to identify the barriers and 180 days to propose fixes. The Federal Reserve specifically has 120 days to evaluate giving non-bank firms and crypto companies direct access to its payment rails.

That last part is significant. Crypto firms have historically been shut out of the Fed's core payment systems. #Kraken only just became the first crypto firm to secure a Fed master account back in March and even that came with restrictions.

This order pushes the Fed to formalize the criteria and consider broader access. #Ripple, Anchorage Digital and others already have applications pending.

Not a done deal yet. The outcomes depend entirely on regulatory follow-through over the next few months.

#Regulation #BingX