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Patrick Collison: U.S. may allow payment firms direct access to settlement rails
The regulatory landscape for payments companies in the U.S. could see significant change following a recent Executive Order from the White House.
Patrick Collison referenced the long-standing restriction that, unlike their peers in other G7 nations, regulated U.S. payments firms have been unable to connect directly to government-run settlement rails. He cited protectionist lobbying and other historical factors as contributors to the current situation. The White House order now calls for an end to this restriction, signaling a potential shift in how payment services interact with the central banking infrastructure. Industry observers are watching how swiftly and effectively these changes will be implemented.
Collison has previously highlighted unresolved scientific topics such as sleep and lightning. He has also commented on the tension between modern values and historic buildings in the U.S. These remarks reflect the broader range of issues he follows beyond payments policy.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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