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The payments landscape for community banks is changing rapidly as traditional payments converge with new instant payment systems and emerging cryptocurrencies. It is critical for Community Banks to maintain awareness of developments in the payments space to assess new opportunities, mitigate risks, and ensure that their payment strategy aligns with overall business plans.
Jan. 28, 2025
The Commodity Futures Trading Commission announced it will soon begin a series of public roundtables on several evolving issues, including digital assets.
Details: The CFTC said that, over the next several months, it will engage with industry leaders, market participants, and public interest groups through transparent public roundtables to provide the CFTC with information and the latest data. ICBA will monitor the events and look for opportunities to engage with the commission.
SEC Task Force: The Securities and Exchange Commission last week launched a crypto task force to develop a clear regulatory framework for crypto assets. SEC Commissioner Hester Peirce will lead the task force.