Trump Orders Fed to Decide on Ripple’s Master Account Within 90 Days

President Donald Trump signed a new executive order on May 19. It could significantly reshape how crypto and fintech firms access the U.S. banking system. The order requests the Federal Reserve to create transparent application procedures for payment accounts and make decisions on complete applications within 90 days. The move immediately fueled discussion across the Ripple XRP latest news cycle.

Because Ripple has already pursued Federal Reserve access through its RLUSD stablecoin strategy. While the order does not guarantee approval, it increases pressure on regulators to formally respond instead of leaving applications in regulatory limbo.

Why a Fed Master Account Matters

A Federal Reserve master account allows direct access to the U.S. payment system. Institutions with access can settle transactions directly through Federal Reserve infrastructure instead of relying on intermediary banks. For fintech and digital asset firms, this can reduce transaction costs, improve liquidity management, and strengthen payment efficiency. It also increases operational credibility for regulated stablecoin issuers. Ripple reportedly sought a master account in 2025 through a subsidiary tied to its RLUSD stablecoin operations. However, non-bank firms historically faced major barriers when attempting to gain access to Federal Reserve payment rails.

What Trump’s Executive Order Requires

The executive order, titled Integrating Financial Technology Innovation Into Regulatory Frameworks. It directs financial regulators to review rules that may be restricting innovation. More importantly for the crypto industry, Section 4 specifically requests the Federal Reserve. That to evaluate whether non-bank financial companies and digital asset firms can legally receive direct access to Reserve Bank payment accounts and services.

The Federal Reserve must also:

• Review the legal framework governing payment access
• Evaluate expansion options for fintech firms
• Examine whether Reserve Banks can independently approve applications
• Submit findings to the President within 120 days

If the Fed determines existing law allows such access. The order requests transparent procedures and decisions on complete applications within 90 days. That timeline is now central to Federal Reserve news today and broader crypto policy discussions.

What This Could Mean for Ripple and XRP

For Ripple, direct Federal Reserve access could become strategically important for RLUSD and future payment settlement infrastructure. A master account could allow Ripple to process transactions more efficiently while improving reserve management for its stablecoin operations. It could also strengthen institutional confidence in Ripple’s payment network and expand integration with traditional financial systems.

The development also adds another bullish regulatory narrative to Ripple XRP latest news coverage. Especially as Ripple continues pushing RLUSD adoption and enterprise payment expansion. However, approval remains uncertain. The executive order only requests Federal Reserve action and does not force the central bank to approve any specific company.

Broader Crypto Industry Impact

The order reflects the Trump administration’s broader pro-fintech and pro-crypto approach seen throughout 2025 and 2026. Unlike previous regulatory strategies focused heavily on enforcement. The administration is emphasizing competition, innovation, and banking access. That shift could eventually benefit other digital asset firms seeking direct payment infrastructure access. 

Still, regulators will likely remain cautious around risk management, financial stability, and anti-money laundering compliance. For now, the crypto market will closely watch how the Federal Reserve responds over the coming months. The order may not hand Ripple the keys immediately, but it has clearly reopened the door.

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