- Trump directed regulators to review financial rules affecting crypto, fintech innovation, and digital asset integration.
- The Federal Reserve must examine payment account access for uninsured banks and non-bank fintech firms.
- The order builds on Trump’s earlier crypto actions, including the Strategic Bitcoin Reserve initiative.
President Donald Trump signed an executive order directing federal regulators and the Federal Reserve to review rules affecting fintech firms and digital asset integration into U.S. payment systems. The order asks regulators to identify barriers limiting competition and innovation across financial services. It also instructs the Federal Reserve to evaluate access frameworks for uninsured depository institutions and non-bank fintech firms seeking Reserve Bank payment services.
Trump Targets Financial Rules and Access
According to the White House, the executive order aims to modernize financial regulations for the digital economy. The administration said existing policies favor established financial firms over newer technology-driven companies.
The order directs federal financial regulators to review guidance, supervisory practices, and application processes. Regulators must identify rules that could change to support financial innovation and competition.
Additionally, the order asks agencies to encourage growth among fintech firms and federally regulated institutions of all sizes. However, regulators must still maintain safety and soundness standards during the review process.
The White House also stated that outdated regulations limit integration of digital assets into traditional financial services. Officials said those restrictions increase costs and reduce market access.
Federal Reserve Asked to Examine Payment Access
Alongside broader regulatory reviews, Trump directed the Federal Reserve to conduct a separate examination of payment account access rules. The review covers uninsured depository institutions and non-bank financial technology companies.
According to the order, the Federal Reserve must examine its legal authority to extend payment account access. The review also includes Reserve Bank payment services.
The Federal Reserve must also report on legal barriers limiting direct access for fintech firms. Additionally, the report must outline possible legislative or regulatory changes.
The order further requests analysis of risk management requirements tied to expanded access. It also covers current policies governing Reserve Bank payment accounts.
Order Builds on Earlier Digital Asset Actions
The White House linked the executive order to earlier actions involving digital assets and financial technology. In January 2025, Trump signed an order focused on digital asset regulatory clarity.
Later, in March 2025, Trump signed another order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile. During the same month, he also approved measures supporting electronic government payments.
