Lummis Applauds Trump Administration on Federal Reserve Master Account Executive Order

Home About About Cynthia Committee Assignments Media Press Releases Press Contact Videos Services Visiting D.C. Federal Funding Opportunities Internships Congressional Award Academy Nominations Flag Requests Issues All Wyoming, All the Time Energy & Natural Resources Agriculture Financial Innovation & Digital Assets Transportation & Infrastructure National Security & Veterans Healthcare Senate Western Caucus Legislation Sponsored Legislation Co-Sponsored Legislation Voting Record Newsletter Signup Contact Me Contact Form Scheduling Requests Press Contact Blow the Whistle Follow Follow Follow Lummis Applauds Trump Administration on Federal Reserve Master Account Executive Order May 19, 2026 Washington, D.C.— Senate Banking Subcommittee on Digital Assets Chair Cynthia Lummis (R-WY) released the following statement applauding the Trump administration for issuing an Executive Order expanding access to Federal Reserve Master Accounts for digital asset companies. “This Executive Order puts the Federal Reserve on notice that it must follow the law and provide equal access to the payments system for all eligible fintech companies,” said Lummis. “For years, Fintech has been shut out while legacy institutions enjoyed privileged access, and the Trump administration is ensuring a level playing field, competition, and lower payments costs for consumers. American innovation cannot wait on bureaucratic inertia, and President Trump is making sure it does not have to.” Facebook X Instagram