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Integrating Financial Technology Innovation into Regulatory Frameworks

News – The White House·The White House·3 days ago
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By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1 .   Policy .  The United States is a global leader in financial innovation, driven in part by the rapid growth of financial technology (fintech) firms.  These firms provide innovative services and solutions that enhance access to financial products and services and create economic opportunity for all Americans.  To foster this financial innovation, the Federal Government must update regulations to allow integration of digital assets and innovative technology into traditional financial services and payment systems.  The Federal Government must also remove overly burdensome and fragmented regulations and supervisory practices that form barriers to entry and primarily benefit incumbent financial services firms.…

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