Bessent fields lawmaker questions on crypto and deposits, CDFI Fund
In his second day of congressional testimony, Treasury Secretary Scott Bessent said he will work to ensure there is “no ...
Tag: Digital assets
ABA participates in White House meeting on crypto regulation
ABA participated in a meeting at the White House with other banking representatives and cryptocurrency leaders to discuss proposed crypto ...
Senate Ag Committee advances digital commodity bill
The Senate Agriculture Committee advanced legislation to give the Commodity Futures Trading Commission the authority to regulate a broad range ...
ABA, associations seek extension of comment period for FDIC’s Genius Act implementation
ABA joined four other associations to request that the FDIC push back the deadline for comment on its proposal to ...
Survey: Merchants expand payment options, express interest in crypto
BNPL is now the fourth most accepted form of payment at small businesses, behind debit or credit cards, digital wallets, ...
Senate Banking Committee postpones vote on crypto market structure bill
Senate Banking Committee Chairman Tim Scott (R-S.C.) delayed a scheduled committee vote on cryptocurrency market structure legislation. Banking advocates have ...
OCC proposes revising chartering rules for national trust institutions
The OCC is proposing to amend its chartering regulations to clarify that national banks limited to the operations of trust ...
Scott: Senate Banking Committee to vote on market structure bill next week
The Senate Banking Committee will vote next Thursday, Jan. 15, on a market structure bill to establish a regulatory framework ...
ABA, 52 state bankers associations urge Congress to close stablecoin interest loophole
ABA joined 52 state bankers associations in sending a joint letter to Congress urging lawmakers to clarify and enforce the ...
Fed rescinds guidelines for weighing crypto requests from non-FDIC insured banks
The Federal Reserve rescinded a 2023 statement on how it would evaluate requests from non-FDIC insured banks to engage in ...
