CoinDesk (@CoinDesk): NEW: @RepYoungKim and @RepLiccardo introduce the PACE Act to modernize U.S. payments.
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NEW: @RepYoungKim and @RepLiccardo introduce the PACE Act to modernize U.S. payments. The bill would let qualified firms access Federal Reserve payment rails directly, cutting delays, lowering fees, and speeding up transfers for consumers and businesses. Backed by fintech and crypto groups, the proposal aims to make payments faster, cheaper, and more competitive.