|Letter Opposing House Interchange Bill||House||09/21/22|
|ICBA Letter Opposing Credit Card Competition Act||Senate||08/31/22|
|Letter on Stablecoin Legislation||House Financial Services Committee||07/22/22|
|Joint State Trades Letter to the Senate Judiciary Committe Interchange Hearing||Senate Judiciary Committee||05/04/22|
|Joint Letter for Senate Interchange Hearing||Senate Judiciary Committee||05/02/22|
|Support for Senate CBDC, FedAccount Bill||Sens. Cruz, Braun, Grassley||04/04/22|
|Support for House CBDC, FedAccount Bill||Rep. Tom Emmer||04/04/22|
|Joint Trades Credit Interchange Cap Letter||Congress||07/27/21|
|Hill Payments Charter Letter||116th Congress||10/15/20|
|Hill Payments Charter Letter 9.29||U.S. House Task Force on Financial Technology||09/29/20|
|Comments on Treasury Digital Assets Request||Treasury Department||08/08/22|
|Comments on Credit Card Late Fees||CFPB||08/01/22|
|Comments on Digital Assets Oversight||Commerce Department||06/29/22|
|Comments on CBDC Consultation Paper||Federal Reserve||05/20/22|
|Comments on Fed Accounts Supplemental Proposal||Federal Reserve Board||04/22/22|
|Comments on Remittance Transfer Rule||CFPB||04/08/22|
|Joint Letter on Interchange||Federal Reserve Board||02/01/22|
|Fedwire ISO 20022 Comment Letter||Federal Reserve Board||01/03/22|
|Letter to Boston Fed on FedNow||Federal Reserve Bank of Boston||12/10/21|
|Joint Letter on Payment Chip Disruptions||Commerce Department||11/09/21|
|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|
|The Future of Real-Time Payments||House Financial Services Committee's Task Force on Financial Technology||Robert A. Steen||09/26/19|
Aug. 01, 2022
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.
Crypto Vulnerabilities: In the report, the Fed said stablecoins have structural vulnerabilities similar to those of other cash-like vehicles, making them susceptible to runs and posing risks to payment and financial systems.
Continued Study: The Fed also said it is studying the implications of crypto and other emerging financial technologies, which have raised fundamental questions about appropriate legal and regulatory safeguards.
ICBA Resources: With policymakers continuing to debate crypto regulations, ICBA offers a summary of President Joe Biden’s executive order on digital assets as well as recent blog posts on the collapse of the TerraUSD stablecoin, its ongoing impact on financial markets, and how it affects community banks and the regulatory debate.