U.S. President Donald Trump signed two executive orders this past Tuesday
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One directed the broader government to update existing regulations to better integrate crypto into payment systems, while the other directed the Treasury Department and regulators to strengthen Bank Secrecy Act regulations.
Key facts
The Senate Banking Committee voted to advance the Clarity Act over a week ago
The BSA-focused order directs the U.S. Treasury Department and regulators to issue guidance to banks and other entities
The Federal Reserve published the latest version of its proposal to create a "skinny" master account, updating the proposal first published last December
U.S. President Donald Trump signed two executive orders this past Tuesday
Summary
The Federal Reserve published the latest version of its proposal to create a "skinny" master account, updating the proposal first published last December. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. U.S. President Donald Trump signed two executive orders this past Tuesday. The crypto industry's integration with the broader federal payments system is certainly a goal for the industry at large. The Federal Reserve's proposal on Wednesday updates its skinny master account request for information first published in December 2025, laying out how the central bank envisions granting fintech and crypto firms access to its payment rails without requiring them to be full fledged, Office of the Comptroller of the Currency-chartered banks.