Mitigation

Policymakers should take a comprehensive, coordinated regulatory approach to stablecoins and other digital assets, ICBA told the Senate Banking Committee.

The Cybersecurity and Infrastructure Security Agency urged the private and public sectors to actively address a critical vulnerability that a growing set of threat actors are exploiting.

A new International Monetary Fund article urges regulators across the globe to develop comprehensive international standards for digital assets.

With cryptocurrency CEOs testifying before Congress, ICBA called on policymakers to enact a comprehensive, coordinated regulatory approach to digital assets that ensures innovation is undertaken safely.

The Financial Crimes Enforcement Network issued a proposed rule to implement ICBA-advocated beneficial ownership reporting provisions of the Corporate Transparency Act passed in 2020.

The Consumer Financial Protection Bureau should extend its inquiry of the six largest technology companies to all tech firms that participate in payments and financial services or hold consumer data, ICBA said.