Payments

Letters and Testimonies

Letters to Regulators

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Title
Recipient
Date
06/30/25
05/30/25
12/16/24
Consumer Financial Protection Bureau08/01/24
06/11/24
Federal Reserve05/11/24
Basel Committee on Banking Supervision03/28/24
Federal Reserve, Justice Department, Treasury Department03/22/24
BIS Committee on Payments and Market Infrastructures02/28/24
Letter to Regulators01/30/24
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Testimony

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Title
Committee
Presenter
Date
House Financial Services CommitteeWritten Statement04/01/25
Senate Banking CommitteeWritten Statement03/12/25
House Subcommittee on Digital Assets, Financial Technology and InclusionWritten Statement09/13/23
Senate Banking CommitteeWritten Statement02/13/23
Senate Banking CommitteeWritten Statement07/28/22
House Financial Services CommitteeWritten statement05/25/22
Senate Banking Hearing02/15/22
House Financial Services CommitteeWritten statement02/08/22
Senate Banking CommitteeWritten Statement12/14/21
House Financial Services CommitteeWritten statement12/07/21
HSFC09/29/20

Payments News

Global regulators issue guidance on stablecoin oversight

Oct. 07, 2021

Central bankers and international securities regulators issued guidance on how financial market principles would apply to stablecoins.

Guidance: The joint guidance from the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions clarifies that international standards for payment, clearing, and settlement systems apply to stablecoin arrangements.

Impact: The paper, which has a comment deadline of Dec. 1, further demonstrates regulator concerns with stablecoins.

Next: The U.S. President’s Working Group on Financial Markets is expected to issue recommendations on regulating stablecoins as soon as this month. Meanwhile, the Federal Reserve Board is working on a separate report to seek public input on stablecoins and a U.S. central bank digital currency.

ICBA Position: ICBA recently expressed support for the Basel Committee on Banking Supervision’s work with banking supervisors to develop prudential regulations on cryptoasset exposures.

Background: Recent ICBA blog posts detail growing stablecoin risks to consumers and the financial system, how policymakers are responding, and what decentralized finance means for community banks.