Trump orders review of fintech firms' access to Fed payment services
Financial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters.
Cointelegraph·
“Congress has the power to slam the brakes on this unwise conflict,” said bill sponsor and Democratic Senator Tim Kaine.
Read full articleFinancial regulators are also asked to review regulations that could be amended to streamline applications for eligible fintech firms seeking bank and credit union charters.
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Trump ordered federal regulators to review fintech and digital asset rules tied to banking and payment system access. The order gives agencies 90 days to identify barriers facing fintech firms and digital asset companies. Trump Order Targets Digital Asset Access to Payment Rails President Donald Trump issued an executive order on May 19 directing federal […]
G7 finance ministers and central bankers wrapped up their two-day meetings in Paris as the war in Iran and the energy crisis continue to weigh on the global economy. Eurogroup President Kyriakos Pierrakakis, who represented the 21-member euro area in the talks, told FRANCE 24's François Picard and Yuka Royer that despite some differences, there was a shared understanding that a multilateral approach was key to face the ongoing challenges.
Rising tensions could disrupt oil markets and boost crypto adoption in Iran, while increasing regulatory scrutiny on Western exchanges. The post Trump holds meeting on Iran war plans after pausing attacks, and crypto markets are watching closely appeared first on Crypto Briefing.