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As the Treasury Department crafts regulations to implement the Genius Act, it should seek to preserve the benefits of payment stablecoins without causing unnecessary risks for customers, credit availability and financial stability, ABA and four associations said in...

The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with those changes, Federal Reserve Vice Chair for Supervision Michelle Bowman said.

ABA and 52 state bankers associations urged the Treasury Department to uphold the Genius Act’s prohibition on stablecoin issuers paying interest or yield on payment stablecoins.

During the third quarter, banks reported tighter lending standards for commercial and industrial loans to firms of all sizes and stronger demand for C&I loans from large and middle-market firms.

Economic uncertainty could test U.S. banks’ revenues and profitability in 2026, and many institutions will likely need to make major decisions on stablecoins and artificial intelligence, according to a new report.

A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency firm, as the move would “impair the Fed’s ability to safeguard our nation’s financial system.”