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Title | Recipient | Date |
---|---|---|
Letter to House on Stablecoin Legislation | 06/23/25 | |
Joint Trades Opposition Letter to Credit Card Rate Cap Amendment | 05/21/25 | |
Joint Trades Letter to Congress on Credit Card Competition Act Amendment | 05/21/25 | |
ICBA Letter to Senate Ahead of GENIUS Act Stablecoin Vote | U.S. Senate | 05/16/25 |
ICBA Letter on April 2 House Financial Services Committee Markup | House Financial Services Committee | 04/01/25 |
Statement for the Record of Digital Assets Hearing | 02/26/25 | |
Statement for Digital Assets Hearing | 02/11/25 | |
Joint Trades Opposition Letter to 10 Percent Credit Card Interest Rate Cap Act | 02/05/25 | |
Joint Letter Supporting Senate Secure Payments Act of 2024 | Sen. Ted Budd | 06/19/24 |
ICBA Letter Supporting HR 5403 | U.S. House of Representatives | 05/21/24 |
Title | Recipient | Date |
---|---|---|
Comment Letter on Modernizing Payments | 06/30/25 | |
Letter to Nacha on International ACH Transactions | 05/30/25 | |
Letter to Nacha on ACH Proposals | 12/16/24 | |
Letter urging CFPB to clarify Regulation Z interpretive rule on Buy Now, Pay Later Loans | Consumer Financial Protection Bureau | 08/01/24 |
Request for 90-Day Comment Extension on Expanding Fedwire | 06/11/24 | |
ICBA Comments on Reg II Debit Card Interchange Proposal | Federal Reserve | 05/11/24 |
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 |
Title | Committee | Presenter | Date |
---|---|---|---|
ICBA Statement for STABLE Act Markup | House Financial Services Committee | Written Statement | 04/01/25 |
Community Bank Statement for GENIUS Act Markup | Senate Banking Committee | Written Statement | 03/12/25 |
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 25, 2025
The Bank for International Settlements said that while tokenization can enhance efficiency and open new possibilities in cross-border payments and securities markets, stablecoins pose a risk to financial stability and monetary sovereignty without regulation.
Details: In a special chapter of BIS's Annual Economic Report 2025, the global institution said:
Stablecoins perform poorly when assessed against three tests for serving as the mainstay of the monetary system.
The circulation of stablecoins without issuer oversight raises concerns about their use for financial crime.
Stablecoins fare poorly on singleness and elasticity, lacking the settlement function provided by central banks, trading at varying exchange rates, and imposing a cash-in-advance constraint.
There is an inherent tension between stablecoins’ promise to always deliver par convertibility (i.e., be truly stable) and the need for a profitable business model that involves liquidity or credit risk.
If stablecoins continue to grow, they could pose financial stability risks, including the tail risk of fire sales of safe assets.
Bank-issued stablecoins may introduce new risks, depending on their legal and governance arrangements.
Congressional Debate: As Congress continues to consider legislation to establish a regulatory framework for currently unregulated stablecoins following last week’s Senate passage of the GENIUS Act, ICBA this week urged House Financial Services Committee Chairman French Hill (R-Ark.) to ensure any measure considered by the House includes guardrails against negative economic consequences that would result from community bank disintermediation.