CryptoBullishThe Block · 4h ago7/10
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Bipartisan PACE Act looks to open Fed payment rails to nonbanks, draws crypto support
California representatives Sam Liccardo and Young Kim introduced the bipartisan PACE Act to grant nonbank payment providers direct access to Federal Reserve payment infrastructure. The legislation has attracted support from cryptocurrency advocates who view it as a significant step toward financial inclusion and reducing the banking system's gatekeeping role in digital payments.
