Senate Banking Committee Chair Scott touts bipartisan, bicameral work on financial issues
Top of mind for Tim Scott as he addressed bankers were affordable housing, stablecoin legislation, overdraft fees and CFPB reform.
Tag: Stablecoin
House committee advances bills on stablecoins, de novo banks, CBDCs
The House Financial Services Committee voted to advance five banking-related bills, ranging from stablecoins to de novo bank formation. ABA ...
ABA asks CFPB to nix proposal to regulate stablecoin, credit card rewards
ABA is urging the CFPB’s current leadership to withdraw a proposed interpretive rule that would expand Electronic Fund Transfer Act ...
Podcast: What’s next for stablecoin policy and tech
Legislators and regulators are strongly focused on policy related to payment stablecoins, most recently with the passage of the Genius ...
Senate Banking Committee advances stablecoin bill
The Senate Banking Committee voted 18-6 in favor of a bill that would create a regulatory framework for payment stablecoins, ...
ABA outlines three principles to guide stablecoin regulation
In comments to lawmakers, ABA offered three principles to guide the establishment of a regulatory framework for payment stablecoins.
OCC withdraws policy on bank engagement with cryptocurrency
The OCC published an interpretive letter rescinding the agency’s policy on bank engagement with cryptocurrency “to reaffirm that a range ...
ABA urges ‘same risk, same regulation’ for digital assets
Lawmakers should apply the principle of “same activity, same risk, same regulation” and ensure the resulting ecosystem operates with safeguards ...
Senators introduce bill to create stablecoin regulatory framework
The Guiding and Establishing National Innovation for U.S. Stablecoins Act would establish procedures for institutions seeking licenses to issue stablecoins.
