President Donald Trump is set to sign a new executive order that could reshape the cryptocurrency banking landscape by reversing the Biden administration’s policies.
Impact on Crypto Technology
According to sources familiar with the matter, the new order may include directives allowing crypto banks access to the Fed’s payment system and clarifying that stablecoins should not be classified as securities.
Changes in Fed Payment System Access
One of the most significant impacts of Trump’s upcoming executive order could be a shift in the Fed’s stance on granting master accounts to crypto-focused banks, representing a major breakthrough for the digital asset industry.
Stablecoin Regulation
The executive order is also expected to address stablecoins, reaffirming that they should not be classified as securities.
The Trump administration anticipates that the new directive will stimulate the growth of the digital asset industry by ensuring legal protection and access to key financial instruments.
