Donald Trump has signed an executive order that could reshape how crypto and fintech companies interact with the U.S. financial system. The order directs federal regulators to review rules that may be limiting the integration of digital assets and new payment technologies into traditional financial infrastructure.

The key issue is access to Federal Reserve payment rails. This includes master accounts, which allow eligible financial institutions to use central bank services directly for payments and balance management without relying on intermediary banks. For crypto companies, that access could be significant because many still depend on banking partners that can restrict, delay or cut off services.

The order does not automatically give crypto firms direct access to the Fed. Regulators will still need to assess the existing framework and consider risks tied to financial stability, compliance and payment-system security. But the political message is clear: the Trump administration wants digital-asset firms to have a more defined path into U.S. financial infrastructure.

There is already a precedent. Kraken’s banking arm previously received a limited-purpose Fed master account, becoming the first crypto-linked firm to gain that type of access. The market will now watch whether companies such as Ripple, Anchorage Digital, Wise and other fintech players can follow a similar route