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Title | Recipient | Date |
---|---|---|
Comments on Basel Cryptoasset Standard Amendments | Basel Committee on Banking Supervision | 03/28/24 |
Freedom of Information Act Request on CBDC Authority | Federal Reserve, Justice Department, Treasury Department | 03/22/24 |
Joint Trade Statement on ISO 20022 Standards | BIS Committee on Payments and Market Infrastructures | 02/28/24 |
Disclosure of Cryptoasset Exposures | Letter to Regulators | 01/30/24 |
ICBA Comment Letter for FinCEN Cryptocurrency Mixer Proposal | FinCEN | 01/23/24 |
Joint Extension Request on Fed Debit Card Interchange Price Cap | Federal Reserve | 11/27/23 |
Comments on Proposed Tax Treatment of Digital Assets | IRS | 11/13/23 |
Joint Trades Letter on Reg II Board Meeting | Federal Reserve | 10/20/23 |
Response to IOSCO DeFi Policy Recommendations | IOSCO | 10/18/23 |
Joint Letter on Mortgage Rates | White House, Treasury Department | 10/12/23 |
Title | Committee | Presenter | Date |
---|---|---|---|
Statement for House Hearing on Central Bank Digital Currency Risks | House Subcommittee on Digital Assets, Financial Technology and Inclusion | Written Statement | 09/13/23 |
Effective Regulation of Crypto Assets | Senate Banking Committee | Written Statement | 02/13/23 |
Statement for Senate Crypto Hearing | Senate Banking Committee | Written Statement | 07/28/22 |
Hearing Statement on Central Bank Digital Currency | House Financial Services Committee | Written statement | 05/25/22 |
Enhanced Regulation of Digital Assets Will Promote Responsible Innovation | Senate Banking Hearing | 02/15/22 | |
Statement for House Hearing on Stablecoins | House Financial Services Committee | Written statement | 02/08/22 |
Statement for Senate Stablecoin Hearing | Senate Banking Committee | Written Statement | 12/14/21 |
Statement for House Hearing on Digital Assets | House Financial Services Committee | Written statement | 12/07/21 |
ICBA Statement for HFSC Fintech Hearing 9-29-2020 | HSFC | 09/29/20 |
June 13, 2022
ICBA concluded its new series of blog posts on the collapse of the TerraUSD stablecoin with a post focusing on its impact on community banks and the regulatory debate.
Direct Impact: The final post in the three-part series notes that the market instability is fueling the policymaker push for a regulatory structure to address crypto’s risks. Previous posts provide a community bank primer on the TerraUSD collapse and examine its impact on the financial markets.
Regulatory Updates: Meanwhile, the debate over crypto regulation continued after last week’s introduction of legislation by Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) to entrust most digital asset oversight authority to the Commodity Futures Trading Commission, rather than the Securities and Exchange Commission.
Sheila Bair Op-ed: In a new op-ed, former FDIC Chairman Sheila Bair said the SEC should take a stronger role in regulating stablecoins, by using its model for overseeing government money market mutual funds and spurring Congress to establish a regulatory framework.
Treasury Remarks: Separately, Deputy Treasury Secretary Wally Adeyemo said his department is focusing its crypto efforts on:
Ensuring the sector’s compliance with the Travel Rule, which requires the collection and transmission of information about who is sending and receiving funds.
Ensuring unhosted wallets—in which users hold a cryptocurrency balance outside of a third-party exchange—do not facilitate illicit payments.
More: Additional information on cryptocurrencies and central bank digital currency is available on the ICBA website.