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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.
May 31, 2022
Securities and Exchange Commission and Commodity Futures Trading Commission officials called on their agencies to hold joint roundtables to consider regulations governing digital assets.
Roundtable Proposal: In a joint op-ed in The Hill, SEC Commissioner Hester Peirce and CFTC Commissioner Caroline Pham said the public roundtables would:
Feature regulators and other stakeholders.
Consider recent market events and risks.
Discuss whether new regulations are necessary and how existing regulations should be modernized.
Cover digital asset trading platforms, crypto derivatives, stablecoins, decentralized finance, and privacy and anti-money-laundering concerns.
More: ICBA blog posts provide updates on stablecoin market developments and how Washington is responding. ICBA also offers a summary of the president’s executive order on digital assets.