Track Every Presidential Action. Understand the Impact.

Integrating Financial Technology Innovation into Regulatory Frameworks

President Donald J. Trump’s order directs federal financial regulators to review their rules, guidance, supervision, and application processes to identify barriers that make it harder for fintech companies to compete, partner with regulated financial institutions, or obtain federal approvals. It sets deadlines for those agencies to update or streamline their approaches so they better support innovation while still considering safety, consumer protection, and market integrity. The order also asks the Federal Reserve to examine whether non-bank and uninsured financial firms, including some involved in digital assets, can legally get direct access to Federal Reserve payment accounts and services, and to recommend options or changes where needed. It was issued to modernize the regulatory framework, reduce unnecessary obstacles, and better integrate new financial technologies into the traditional financial system.