President Donald Trump signed an Executive Order on Tuesday, May 19, directing regulators to take measures to promote fintech innovation, including an assessment of extending access to Federal Reserve payment rails.

Donald Trump's executive order asks the Fed to review how depository institutions may be granted access to payment services, an area the crypto industry is deeply involved with.

Trump ordered federal regulators to review fintech and digital asset rules tied to banking and payment system access. The order gives agencies 90 days to