Payments

Letters and Testimonies

Letters to Congress

Letters to Regulators

Loading, please wait
Title
Recipient
Date
12/16/24
Consumer Financial Protection Bureau08/01/24
06/11/24
Federal Reserve05/11/24
Basel Committee on Banking Supervision03/28/24
Federal Reserve, Justice Department, Treasury Department03/22/24
BIS Committee on Payments and Market Infrastructures02/28/24
Letter to Regulators01/30/24
FinCEN01/23/24
Federal Reserve11/27/23
Showing 1 to 10 of 10 rows

Testimony

Loading, please wait
Title
Committee
Presenter
Date
House Financial Services CommitteeWritten Statement04/01/25
Senate Banking CommitteeWritten Statement03/12/25
House Subcommittee on Digital Assets, Financial Technology and InclusionWritten Statement09/13/23
Senate Banking CommitteeWritten Statement02/13/23
Senate Banking CommitteeWritten Statement07/28/22
House Financial Services CommitteeWritten statement05/25/22
Senate Banking Hearing02/15/22
House Financial Services CommitteeWritten statement02/08/22
Senate Banking CommitteeWritten Statement12/14/21
House Financial Services CommitteeWritten statement12/07/21
HSFC09/29/20

Payments News

ICBA: Stablecoin legislation must protect role of community banks

Feb. 27, 2025

ICBA told Congress that any legislation establishing a regulatory framework for stablecoins must address stablecoin risks without disintermediating community banks.

Details: In a statement for the record for a Senate Banking Committee Digital Assets Subcommittee hearing, ICBA said any stablecoin regulatory framework must:

  • Apply consistent standards to both banks and nonbanks to prevent regulatory arbitrage.

  • Preserve the integrity of Federal Reserve Master Accounts.

  • Protect against risks posed by commercial and Big Tech issuance.

  • Maintain community banks’ ability to utilize deposits to fund local lending.

ICBA Advocacy: ICBA recently encouraged the Trump administration to ensure regulatory clarity for banks and a level regulatory playing field between the banking and crypto sectors. ICBA also submitted a statement for a recent House Financial Services subcommittee hearing on digital assets.

Outlook: ICBA will continue to engage with policymakers on digital assets issues as regulatory frameworks are considered.