“AFC commends the Administration for continuing its work to modernize our nation’s financial regulatory framework through this executive order. Prioritizing the responsible integration of financial technology and digital assets into traditional financial services will help ensure that the U.S. remains at the forefront of global financial innovation.

“The directive to streamline regulatory processes and remove unnecessary barriers to innovation is a critical step toward fostering a more competitive and inclusive financial ecosystem. In addition to the progress already being made at the Federal Reserve, FDIC and OCC, this will significantly enhance the efficiency and resilience of our financial infrastructure while promoting a more level playing field.

“A modern, risk-based approach to regulation is essential for protecting consumers while promoting economic opportunity. As the leading voice for the nation’s most responsible fintech companies and innovative banks, AFC looks forward to continuing our work with federal financial regulators as they conduct their reviews and implement this executive order to ensure a more transparent, protected, and innovative financial system for all Americans.”

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