President Trump signed two orders related to financial technology and digital currencies like cryptocurrency. One directs government agencies to update old regulations, making it easier for crypto companies, fintech businesses, and traditional banks to collaborate on financial services and payments. The other asks the Federal Reserve to examine how crypto firms connect to the financial system, and the Treasury Department to strengthen rules against money laundering and improve identity verification. These actions could help cryptocurrency become more widely used, while also increasing monitoring to prevent illegal activity.
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2026-05-20 06:52