The accessibility of digital currencies to banks faces renewed scrutiny following Trump's executive order.

After years of waiting and being denied access, some cryptocurrency companies in Wyoming may be just one step away from achieving a long-out-of-pocket privilege: direct access to the heart of the US financial system.

This possibility has resurfaced following a new executive order signed by US President Donald Trump, a move that could reshape the relationship between digital asset companies and US banks, potentially opening the door to a game-changing transformation.



The Federal Reserve Under Scrutiny

At the heart of this potential shift is the Federal Reserve, which now faces mounting pressure to reconsider one of its most sensitive issues:

Should financial institutions involved with cryptocurrencies have direct access to its accounts and payment services?

The new executive order calls on the Federal Reserve Board of Governors to examine whether uninsured depository institutions, along with non-bank financial companies operating in digital assets, should be granted access to what they have long been denied: a primary account with the Federal Reserve.

But the issue goes beyond mere review.

The resolution also requires the council to examine any legal obstacles that may have prevented this access over the years, and if no clear legal impediments exist, it must establish transparent and specific application procedures.


Most importantly, decisions on completed applications must be issued within just 90 days—a timeline that suggests the change, if it occurs, may be sooner than many anticipate.


If this happens, it may not simply be a new regulatory privilege, but rather a step that could mark the beginning of a completely different phase in the relationship between cryptocurrency companies and the US banking system.


The question now is: Has the barrier that has separated the two sides for years truly begun to crumble?



What began as a limited regulatory move could now morph into a broader reshaping of the relationship between cryptocurrency companies and the entire U.S. financial system.


With a new executive order signed by U.S. President Donald Trump on Monday, the issue is no longer simply about granting crypto companies greater access… but about removing the barriers that have kept them on the margins of the traditional banking system for years.


This time, the message is clear: Washington may be about to open the door for fintech and cryptocurrency companies to operate alongside federally regulated banks.


90-Day Deadline… and Regulators Under Pressure


Under the new order, major U.S. regulatory bodies have been given just 90 days to review their existing rules and identify policies that may have hindered fintech companies from entering the heart of the financial system.


These bodies include the U.S. Securities and Exchange Commission, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency.


But the demand goes beyond simply reviewing regulations.


The authorities are also required to consider how to make it easier for fintech companies to obtain banking licenses, deposit insurance, and federal approvals that have long been considered unattainable.


And here lies the most important signal:

The government’s stated goal is to lower unnecessary barriers to entry and encourage collaboration between technology-based companies and traditional financial institutions.


In other words… what was previously seen as a separate or even unacceptable sector may soon become part of the system itself.


A policy shift reflecting a new direction


This move also represents a clear policy shift.


While figures like Elizabeth Warren have pushed in recent years for stricter restrictions on cryptocurrency companies’ access to banking services, the Trump administration now seems to be moving in the exact opposite direction: opening doors instead of closing them.


But amid this momentum, a development has emerged that raises many questions.


On the same day the executive order was signed, Trump Media & Technology Group, owner of the Truth Social platform, withdrew its filings with the U.S. The Securities and Exchange Commission (SEC) is launching exchange-traded funds (ETFs) linked to Bitcoin and Ethereum, along with an equity fund for major cryptocurrency companies.


This move appears, at least superficially, to contradict broader efforts to integrate digital assets into the mainstream financial system.


This raises a larger question: Are we witnessing the beginning of a historic merger between crypto and banks… or merely a temporary realignment before a larger, yet-to-be-revealed move?

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