The Senate passed legislation to establish a regulatory framework for payment stablecoins without ICBA-opposed amendments to impose new credit card restrictions.

ICBA pledged to continue working with Congress on legislation to establish a regulatory framework for payment stablecoins following Tuesday’s 68-30 bipartisan Senate vote to pass the GENIUS Act (S. 1582).

The Consumer Financial Protection Bureau published an interim final rule to extend its 1071 small-business reporting rule’s compliance and reporting dates.