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Title | Recipient | Date |
|---|---|---|
| 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 |
| Joint Trades Letter Opposing Credit Card Price Control Bill | Sen. Josh Hawley | 09/20/23 |
| Letter on CBDC Bills Ahead of House Markup | House Financial Services Committee | 09/19/23 |
| ICBA Letter on House Stablecoin Legislation Ahead of Markup | House Financial Services Committee | 07/19/23 |
| Joint Financial Sector Letter Opposing Credit Card Routing Bill | House, Senate Leaders | 07/14/23 |
Title | Recipient | Date |
|---|---|---|
| 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 |
| 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 |
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 |
Feb. 14, 2025
Revenue from romance scams—also known as “pig butchering”—grew 40% last year and accounted for more than a third of all crypto-related scams, according to a report by Chainalysis.
Details: Confirmed losses to crypto scams were $9.9 billion for the year, but that figure is likely to go up as more come to light, according to the report. High-yield investment scams accounted for more than half of the crypto scams for the year.
Crypto ATMs: Scams involving crypto ATMs or kiosks—where users buy and sell cryptocurrency—continue to grow, totaling $65 million for just the first half of 2024. IC3 reported $189 million in losses to activity tied to crypto ATMs in 2023, while FinCEN said 43% of crypto-related suspicious activity reports since 2020 have referenced crypto ATMs.
ICBA View: In a statement for a congressional hearing on crypto-based romance confidence scams last fall, ICBA said the persistent growth of such scams emphasizes the urgent need for policymakers to prioritize national security, counter illicit finance uses of cryptocurrency, and improve information sharing with community banks.
Resources: ICBA blog posts spotlight the growth of these scams and the need for a policy response.