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Trump Orders Fed to Decide on Digital Asset Firms' Bank Access Within 90 Days

GateNews

Regulation & Policy Geopolitics

2026-05-20 07:12:34

On May 19, President Donald Trump signed an executive order requiring the Federal Reserve to establish transparent application procedures for digital asset and fintech firms seeking direct access to the U.S. payment system, with decisions on complete applications due within 90 days.

Ripple had previously pursued Federal Reserve master account access through its RLUSD stablecoin operations. While the order does not guarantee approval, it creates a formal timeline for regulatory response and significantly increases pressure on the Fed to move forward instead of leaving applications in regulatory limbo.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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