Donald Trump has signed an order storming the main fortress of traditional banking: the Fed is required to explore providing crypto and fintech companies with direct access to their payment rails and master accounts. This initiative hits the intermediaries, removes regulatory barriers with a 90-day ultimatum for the agencies, and effectively strips the Fed of the ability to choke the industry with covert 'debanking'.
Don't expect an instant BTC pump (the Fed has 120 days to report), but in the long run, this is a tectonic shift that will turn crypto exchanges and stablecoin issuers into full-fledged quasi-banks, forever changing the liquidity landscape.
#Trump #FederalReserve #FintechRegulation