US President Donald Trump recently issued an executive order related to fintech and crypto that could have a major impact on the future of XRP and the company Ripple.
The order asks the US Federal Reserve to study whether crypto companies should be given direct access to the official US payment system, including a special Fed account known as a 'master account'.
Currently, most crypto companies cannot deal directly with the US central bank system.
They must use intermediary banks to process transactions and payments.
If this new rule is passed, companies like Ripple, Coinbase and Circle Internet Group may be able to access the Fed's payment system directly without relying on traditional banks.
For XRP, this change is very important because Ripple has been using XRP as a liquidity asset for cross-border payments.
If Ripple gains direct access to the Fed system, the process of international transactions could be faster, cheaper and more efficient because there is less reliance on correspondent banks or middlemen.
This also means that financial institutions using the Ripple network may be able to settle transactions faster and have lower operating costs.
In the long term, the use of XRP in the regulated financial system could increase if approved.
At the same time, this development comes as the United States is accelerating efforts to create a crypto legal framework through the CLARITY Act.
The bill aims to determine how digital assets are classified as either securities or digital commodities.
The US Senate recently approved the initial progress of the bill through a vote of the Senate Banking Committee.
