Payments

ICBA told Congress that current stablecoin arrangements are not subject to comprehensive supervision and lack many critical consumer and anti-money laundering protections—a regulatory gap that allows risks to the financial system to multiply, provides opportunities for financial crimes, and creates an unequal playing field with highly regulated community banks.

The Commodity Futures Trading Commission announced it will soon begin a series of public roundtables on several evolving issues, including digital assets.

President Donald Trump signed an executive order that creates a working group on digital assets markets “to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy.”