Commerce Secretary Penny Pritzker today announced that Stacey Facter — SVP for trade products at BAFT, ABA’s global transaction banking subsidiary — has been appointed to the department’s newly formed Trade Finance Advisory Council. The council is comprised of representatives from exporters, banks, trade finance organizations and research institutions, and will provide insights on how to provide expanded access to finance for U.S. exporters.
House passes bills on stablecoins, digital assets, CBDCs
The House voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets. House members also voted in favor of a separate bill to ban the Federal Reserve from issuing a CBDC.