Trump Taps Crypto Into the Fed-Banking Power Shift Ahead?

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Trump Signs Two Major Orders That Could Change Crypto and Banking

President Trump recently signed two significant orders addressing cryptocurrency, financial technology, and the American banking system, and the crypto industry is closely watching how these changes will unfold.

The new regulations are designed with two main goals. First, they seek to help cryptocurrency and financial technology companies work more easily with traditional banks and financial institutions. Second, they strengthen rules to prevent money laundering and improve financial monitoring.

Crypto analyst Chad Steingraber believes this development represents a major step forward in bringing digital assets into the traditional financial system.

Crypto Firms Could Get Direct Access to Fed Systems

The initial executive order aims to eliminate old rules that are hindering the growth of financial technology and the use of cryptocurrencies.

The plan focuses heavily on having the Federal Reserve examine how cryptocurrency companies and other non-bank financial institutions can connect to major payment networks and obtain “master accounts.” These accounts would let these firms transfer money directly through systems like Fedwire, bypassing the need for traditional banks.

This could significantly benefit companies such as Kraken, Ripple, and Anchorage Digital, who are working to connect more closely with the U.S. financial system.

The administration also gave regulators clear deadlines:

  • Within 3 months, agencies must identify rules blocking fintech growth.
  • Within 6 months, they must begin simplifying regulations and lowering entry barriers.

Advocates believe this change could make stablecoin payments faster, boost the development of tokenized financial services, and lower the cost of sending money internationally.

Second Order Tightens Financial Monitoring

While the first order supports innovation, the second focuses on tighter financial oversight.

The Treasury Department is working to enhance rules that prevent money laundering and is asking banks to better verify customer identities. Banks will also be required to keep a closer watch for unusual activity related to tax fraud, human trafficking, and payment systems that aren’t properly registered.

Initial drafts of the plan apparently called for verifying the citizenship of everyone with a bank account. However, banks protested, arguing this would severely disrupt online banking.

Banks Push Back Against Crypto Expansion

Not everyone is happy with the changes.

Groups representing traditional banks, like the Independent Community Bankers of America, have expressed concern that allowing cryptocurrency firms direct access to the Federal Reserve could lead to greater financial instability.

Despite the challenges, many crypto experts believe these recent developments strongly suggest that digital assets are becoming increasingly integrated into mainstream U.S. finance.

Who will take the maximum advantage here?

Following Trump’s recent actions regarding financial technology, the crypto community, particularly fans of XRP, reacted positively. According to Steingraber, these orders address many of the key issues currently hindering clear regulations for digital assets.

Many users also highlighted Ripple’s previous collaboration with the Federal Reserve’s Faster Payments Task Force and its recent connections to FedNow, suggesting these developments could ultimately increase XRP’s involvement in the U.S. payment system.

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2026-05-20 07:57