Trump Directs Fed to Grant Crypto Firms Direct Access to Master Accounts
Published: May 20, 2026By BCC AI
What you should know
- Trump signed an executive order directing the Fed to review master account access for crypto firms.
- The crypto market gained over $25 billion in the past few hours following the announcement.
- This could allow crypto firms to move money more like traditional banks.
- Multiple crypto news outlets including CoinDesk and Coin Bureau have reported on the development.
- Analysts see this as a potential step toward greater regulatory clarity in the US.
Impact of Trump’s Executive Order on Crypto
The announcement has sparked significant market movement with Bitcoin and Ethereum seeing gains. This policy shift aims to reduce reliance on traditional banks for crypto operations. For more details, check this post: