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U.S. Representatives Introduce PACE Act to Modernize Payment and Settlement System

GateNews

2026-04-21 15:53:37

Gate News message, April 21 — U.S. representatives introduced the Payments and Collections Enhancement (PACE) Act, legislation aimed at modernizing the American payment system.

The bill would allow eligible companies to directly access the Federal Reserve’s payment infrastructure, reducing transaction delays, lowering fees, and accelerating fund transfers for consumers and businesses.

The proposal has garnered support from the fintech and cryptocurrency communities, with the goal of making payments faster, cheaper, and more competitive.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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