5/12/26
Letter on Strengthening the Prohibition on Payment of Interest, Yield, or Rewards in Section 404 of H.R. 3633
ICBA sent a letter to senators in advance of a markup of H.R. 3633, the Digital Asset Market Clarity Act of 2025. ICBA said the legislation must create a robust and effective prohibition on payment of interest and yield, but the current text does not create a prohibition that adequately addresses the loss of credit availability to Main Street economies that would result from an outflow of community bank deposits.