Fintech Sandboxes May Get Boost From Republican Takeover

Financial technology entrepreneurs could find more space to experiment with new ideas and products with the advent of an anti-regulation Republican president backed by an anti-regulation Republican Congress.

That’s the hope of Rep. Patrick McHenry (R-N.C.), a leader on fintech policy and the sponsor of a bill to create a version of the regulation-light sandboxes adopted in the U.K., Singapore, Malaysia and several other countries in an effort to catch the crest of the fintech wave.

“Congressman McHenry is encouraged by the results of last week’s election and the prospects of Republicans controlling both Congress and the White House,” McHenry ...