Bowman: Regulation preventing banks from engaging in economic innovations
The economy has changed significantly since the 2008 financial crisis, but regulation is holding back banks from fully engaging with ...
Tag: Cryptocurrency
ABA, state associations: Uphold Genius Act prohibition on stablecoin interest payments
ABA and 52 state bankers associations urged the Treasury Department to uphold the Genius Act’s prohibition on stablecoin issuers paying ...
Appeals court upholds Fed decision to deny crypto firm master account
A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency ...
Lawmakers, policymakers express concern about interest-bearing stablecoins
Several policymakers raised concerns with media outlets in recent days about a loophole in the Genius Act that allows stablecoin ...
Sen. Budd calls for federal preemption of AI regulation
As banks expand their deployment of artificial intelligence tools, Sen. Ted Budd (R-N.C.) called for federal regulation to preempt state ...
ABA: Same BSA regulations should apply to banks, digital assets
More work is needed to provide the regulatory certainty required to realize the promise of stablecoins and other digital assets, ...
Fed’s Barr: Regulation needed to fill ‘gaps’ in stablecoin law
A new law establishing a regulatory framework for stablecoins has “gaps” that could pose risks to financial stability and consumer ...
Stablecoins, crypto and quantum risk: Preparing the banking sector for what’s next
Banks that are best positioned will be those that learn the risks, strengthen security and support post-quantum standards.
ABA experts: Remember compliance obligations when dealing with stablecoins
As banks explore stablecoins, they must keep in mind that Bank Secrecy Act and sanctions rules still apply, and that ...
Treasury briefly extends Genius Act ANPRM comment period
The change gives the industry a total of 46 days from the original date of publication in the Federal Register ...
