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Trump's fintech order prompts Fed to reconsider direct access, spotlighting Ripple's potential role.

Market News
23 May 2026
Coinpaper
View Source
Bullish
pluang ai news

President Trump's recent fintech executive order directs regulators to reassess access rules to Federal Reserve payment systems, which currently limit direct use to federally insured banks. This review is significant for companies like Ripple, which has applied for a Federal Reserve Master Account to access payment rails directly, potentially improving cross-border payments with its XRP token. While the order doesn't change rules immediately, it signals a policy shift toward evaluating traditional banking frameworks amid evolving financial technologies. The outcome could reshape access for non-bank fintechs, balancing innovation with financial stability.

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