ABA, banking groups warn revised Clarity Act fails to protect community banks
Proposed language in the Clarity Act giving regulators a short time frame to decide whether to close the stablecoin payment-of-interest ...
Tag: Stablecoin
ABA, state associations offer language to strengthen Clarity Act
Nearly 80 state bankers associations joined with ABA and ICBA to press lawmakers to use the Clarity Act to close ...
Banker op-ed: Congress must get stablecoin rules right to protect Maine people and banks
If deposits begin moving from community banks into stablecoin products because those products offer yield or rewards, the lending capacity ...
Hill: FDIC on track to issue stablecoin rulemaking by year’s end
The FDIC plans to issue a final rulemaking before the end of the year to establish an application process and ...
ABA Chair: Community banks are no one’s stalking horse in the Clarity Act debate
If consumers and businesses are encouraged to move money from bank deposits into stablecoins that offer interest-like rewards, those funds ...
ABA: Proposed customer identification standards for stablecoin issuers need strengthening
A proposed rule to require payment stablecoin issuers to maintain customer identification programs must go further if it is to ...
OCC’s Gould defends charter approvals for crypto activity
Noting more than half of recent bank charter applications received by his agency involve digital assets, Comptroller of the Currency ...
Treasury proposes rulemaking for licensing payment stablecoin issuers
The Treasury Department released proposed rulemaking to require digital asset providers to obtain a federal or state license before issuing ...
ABA cautions against allowing state regulation that could expand stablecoin issuer activities
As it seeks to implement the Genius Act, the Treasury Department should not allow states to greatly expand the scope ...
ABA, BPI urge OCC to delay action on proposed stablecoin reporting forms
The OCC should propose new reporting forms for stablecoin issuers only after it has finalized regulatory requirements for those companies, ...
