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Title | Recipient | Date |
---|---|---|
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 |
ICBA Comment Letter for FinCEN Cryptocurrency Mixer Proposal | FinCEN | 01/23/24 |
Joint Extension Request on Fed Debit Card Interchange Price Cap | Federal Reserve | 11/27/23 |
Comments on Proposed Tax Treatment of Digital Assets | IRS | 11/13/23 |
Joint Trades Letter on Reg II Board Meeting | Federal Reserve | 10/20/23 |
Response to IOSCO DeFi Policy Recommendations | IOSCO | 10/18/23 |
Joint Letter on Mortgage Rates | White House, Treasury Department | 10/12/23 |
Title | Committee | Presenter | Date |
---|---|---|---|
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 |
April 10, 2024
The Treasury Department reiterated its calls for Congress to grant the department additional tools to address illicit actors’ use of cryptocurrencies to facilitate crime.
Crypto Risks: Testifying at a Senate Banking Committee hearing, Deputy Treasury Secretary Wally Adeyemo said terrorist groups, state actors, and cartels are increasingly using crypto to circumvent sanctions, engage in money laundering, and fund illicit activities, particularly as policymakers have worked to cut off their access to the traditional financial system.
Treasury Proposal: Adeyemo urged Congress to take up Treasury’s proposal to:
Introduce a secondary sanctions tool targeted at foreign digital asset providers that facilitate illicit finance.
Expand the reach of existing authorities to explicitly cover digital assets players and activities.
Address jurisdictional risk from offshore cryptocurrency platforms.
ICBA View: In a recent comment letter, ICBA said a Financial Crimes Enforcement Network proposal to institute recordkeeping and reporting requirements for financial institutions is insufficient to adequately protect against crypto-related illicit financial activity. ICBA also supports global efforts to advance international cryptoasset regulation, including the Financial Stability Board’s framework to support consistent regulatory standards and the International Organization of Securities Commissions’ baseline policy recommendations.