ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Newsbytes

ABA Calls for Consistent Regulation as Crypto CEOs Visit Capitol Hill

December 8, 2021
Reading Time: 1 min read

Ahead of a House Financial Services Committee hearing on digital assets today—at which the heads of several cryptocurrency firms will testify—the American Bankers Association submitted a statement for the record emphasizing the need for bank-like regulations for companies offering digital assets to consumers.

ABA noted that “customers who choose to access digital asset markets will be best served when they can do so through fully regulated banks where they are afforded robust consumer protection.” The association pointed out that banks are subject to robust regulations to ensure safety and soundness, consumer protection and prevent money laundering, and also carry deposit insurance for the FDIC.

In addition, ABA pointed out that banks are already working to offer digital assets safely to customers through their existing banking relationships. “As non-bank technology firms begin offering banking products and services through digital channels, Congress should ensure that these activities are appropriately monitored, emerging risks adequately captured, and all applicable legal requirements met,” ABA said. “Ultimately, a level regulatory playing field in digital assets means a simple proposition: offer bank-like services, receive bank-like oversight.”

ADVERTISEMENT
Tags: CryptocurrencyFintechNonbanksPaymentsPayments system
ShareTweetPin

Related Posts

In 90th anniversary year, Stonier graduates 182

In 90th anniversary year, Stonier graduates 182

Newsbytes
June 12, 2025

ABA Chair-Elect Cathy Owen of State Holding Company in Little Rock, Arkansas, delivered the keynote address during the graduation ceremony, which saw students receive Stonier diplomas and Wharton leadership certificates.

Fifth Circuit grants ABA mandamus, vacates transfer order for second time

ABA, CBA support maintaining confidentiality of CFPB nonbank risk determinations

Compliance and Risk
June 12, 2025

The American Bankers Association, joined by the Consumer Bankers Association, expressed support for the Consumer Financial Protection Bureau’s proposal to maintain the confidentiality of decisions to exercise the agency’s supervisory authority over a nonbank entity that may pose...

Survey finds high customer satisfaction with banking apps

Survey finds high customer satisfaction with banking apps

Newsbytes
June 12, 2025

Overall satisfaction with U.S. national banking apps is 669 on a 1,000-point scale, up 18 points from 2024. At the same time, the gap in satisfaction between best-performing and lowest-performing apps and bank websites shrunk to its lowest...

ABA experts see reasons for optimism amid economic, regulatory uncertainty

ABA experts see reasons for optimism amid economic, regulatory uncertainty

Compliance and Risk
June 11, 2025

The Trump administration has rolled back a broad range of banking guidance and regulatory proposals made in the last few years, and while bankers are used to regulatory whiplash when administrations change, it is possible some of changes...

Consumers expect short-term inflation, bearish on home prices and spending

Consumer price inflation 2.4% in May

Economy
June 11, 2025

The Consumer Price Index increased 0.1% in May on a seasonally adjusted annual basis, after rising  0.2% in April, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.4%.

House panel advances ABA-backed bills on trigger leads, other topics

House panel advances ABA-backed bills on trigger leads, other topics

Community Banking
June 11, 2025

In a memo sent in advance of the markup, ABA noted that H.R. 2808 would “curb the abusive use of mortgage credit ‘trigger leads’ while narrowly preserving them for legitimate, transparent and accountable uses.”

NEWSBYTES

In 90th anniversary year, Stonier graduates 182

June 12, 2025

ABA, CBA support maintaining confidentiality of CFPB nonbank risk determinations

June 12, 2025

Survey finds high customer satisfaction with banking apps

June 12, 2025

SPONSORED CONTENT

AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025
Six Payments Trends Driving the Future of Transactions

Six Payments Trends Driving the Future of Transactions

March 15, 2025

PODCASTS

Podcast: Old National’s Jim Ryan on the things that really matter

June 12, 2025

Podcast: What bankers need to know about ‘First Amendment audits’

June 5, 2025

Podcast: Accelerating banking for quick-service restaurants

May 8, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.