Trump Orders Fed Review of Master Accounts for Crypto and Fintech Access

On May 20, 2026, US President Donald Trump signed an executive order directing the Federal Reserve to review whether crypto and fintech firms should be allowed direct access to US payment rails via Reserve Bank "master accounts." The order also calls for agencies to roll back rules deemed overly restrictive to fintech and blockchain payments, and requests a report within 120 days on expanding access under the Fed's payment and settlement services.