President Trump’s immigration order is expected to drive growth in the stablecoin economy and bitcoin atms.
The order comes as immigrants in the U.S. illegally confront banking restrictions similar to those once faced by the Trump family. That earlier pressure led the family to embrace crypto. The new policy is projected to channel activity into stablecoins and related services.
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President Donald Trump signed an executive order on May 19 directing the Federal Reserve to examine policies on granting payment account access to crypto and fintech firms. The move escalates debate over direct connections to the central bank's core dollar payment systems. Companies such as Kraken, Ripple, Coinbase, and Circle stand to benefit from potential changes.
Donald Trump advanced bitcoin's standing in U.S. policy through executive actions and new legislation during his term. Bitcoin's price performance and public adoption have shown mixed results since the 2024 election.
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President Donald Trump signed executive orders on Tuesday directing integration of digital assets with payment systems and updates to Bank Secrecy Act rules.