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ICBA and its state affiliates sent a letter to leaders of the Senate Banking Committee urging them to ensure that the proposed Responsible Financial Innovation Act, which creates a regulatory framework for digital assets markets, provides regulatory clarity without disrupting the vital role of community-bank credit creation in local communities. ICBA and its affiliates asked the senators to explicitly prohibit digital assets market participants from payment of interest or yield to holders of stablecoins, saying the stakes are too high for the borrowers and communities served by America’s community banks.