里程碑

Reps. Young Kim and Sam Liccardo unveil the bipartisan PACE Act to broaden qualified nonbank access to Federal Reserve payment services.

Fintech and crypto trade groups, including the Blockchain Association, CCI and others, publicly support the bill’s goals.

Coverage notes the bill could enable qualified firms, including crypto payment companies, to seek access to Fedwire, FedNow and FedACH.