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Patrick Collison: U.S. payments firms may gain direct access to government settlement rails
A recent White House executive order could alter the landscape for U.S. payments companies.
Patrick Collison, referencing longstanding regulations and historical lobbying efforts, pointed out that the U.S. is unique among G7 nations in restricting regulated payments firms from directly accessing government-operated settlement systems. The executive order introduced yesterday aims to address this issue and align the U.S. framework more closely with that of other major economies. Market participants will monitor developments as regulatory changes are implemented.
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