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PACE Act Pushes Fed Payment Access for Nonbanks, Crypto Firms

U.S. lawmakers have introduced the PACE Act to modernize payment systems and reduce transaction costs. The bill could open federal payment rails to regulated nonbank providers, including crypto firms. Key Takeaways: U.S....

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

PACE Act Pushes Fed Payment Access for Nonbanks, Crypto Firms
U.S. lawmakers have introduced the PACE Act to modernize payment systems and reduce transaction costs. The bill could open federal payment rails to regulated nonbank providers, including crypto firms. Key Takeaways: U.S. Reps. Young Kim and Sam Liccardo introduced the PACE Act to modernize payments. Bill aims to open Fed systems like Fednow, cutting fees […]

Why this matters

Federal Reserve is showing up inside the Macro & Rates theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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