President Trump signed Executive Order 14405, "Integrating Financial Technology Innovation into Regulatory Frameworks," on 19 May 2026. Published in the Federal Register on 22 May 2026 at pages 30475 to 30477, the Order is immediately effective and initiates a 90-day regulatory review across six federal financial agencies.
The Order directs the heads of the SEC, CFTC, OCC, FDIC, CFPB, and NCUA to identify, within 90 days, regulations, guidance documents, supervisory practices, and application processes that unnecessarily impede fintech innovation, fintech-bank partnerships, and eligible charter applications, and to encourage innovation including in digital assets. The 90-day period closes on or about 17 August 2026. The Order also coordinates with the President's Working Group on Digital Assets, tasked under an earlier executive order with submitting legislative and regulatory recommendations within 180 days.
Neobanks, payment service providers, digital asset exchanges, crypto-asset service providers, and technology companies seeking OCC or FDIC charter approvals are the direct addressees of the review. Swap dealers and digital asset platforms regulated by the CFTC may see updated guidance on digital commodity treatment following the March 2026 SEC-CFTC Joint Interpretation. CFPB-regulated entities in data access and open banking markets face a parallel review of consumer financial product rules under the Order.
The Order does not require any agency to rescind specific rules within the 90-day window. Agencies subject to the Administrative Procedure Act must follow notice-and-comment rulemaking to modify binding regulations, meaning substantive rule changes will not take effect before late 2026 at the earliest. The review will produce agency recommendations, not immediate regulatory changes. Entities seeking charter applications or awaiting regulatory guidance on digital asset classification should monitor agency announcements through the review period.
Licentium advises digital asset businesses and fintech operators on US regulatory strategy, agency engagement, and charter application procedures. Work we undertake includes CFTC and SEC regulatory mapping, OCC fintech charter analysis, fintech-bank partnership structuring, digital asset classification advisory, and compliance program design for crypto-asset service providers.