Trump Order Directs Banking Guidance for Undocumented Migrants, Reviews Crypto Firms' Fed Access
President Donald Trump signed an executive order directing regulators to issue guidance on banking services for undocumented migrants, in a move that could tighten access to the US financial system. The order also tells the Federal Reserve, Treasury Department and other US regulators to review crypto firms' access to Fed payment accounts and services.
The White House said the measure is aimed at protecting America's financial system from illicit activity. It also said the order would simplify regulatory requirements and promote innovation and partnerships among fintech companies.
From the sources (6 posts)
@deitaoneWHITE HOUSE: TRUMP SIGNED EXECUTIVE ORDER AIMED AT PROTECTING AMERICA'S FINANCIAL SYSTEM FROM ILLICIT ACTIVITY
@businessDonald Trump signed an executive order that directs regulators to issue guidance on banking services to undocumented migrants, in a move that could tighten access to the financial system
@firstsquawkWHITE HOUSE: TRUMP SIGNS EXECUTIVE ORDER TO PROTECT US FINANCIAL SYSTEM FROM UNLAWFUL ACTIVITIES
@firstsquawkWHITE HOUSE: TRUMP SIGNS EXECUTIVE ORDER TO SIMPLIFY REGULATORY REQUIREMENTS AND PROMOTE INNOVATION, PARTNERSHIP AMONG FINTECH COMPANIES
@polymarketJUST IN: Trump signs executive order targeting banks that extend financial services to illegal immigrants without work authorization.
@scottmelkerBREAKING: TRUMP ORDERS THE FED, TREASURY, AND U.S. REGULATORS TO REVIEW CRYPTO FIRMS’ ACCESS TO FED PAYMENT ACCOUNTS AND SERVICES