Tag
#Independent Community Bankers of America
Banking
Stablecoin law could drain community bank deposits
Stablecoin law could pull deposits from community banks, lobby groups say, threatening $850 billion of local lending and higher funding costs.
By Naomi Voss
Regulation
Fed Opens Crypto Master Account to Public Comment After Trump Order
The Federal Reserve opened a 60-day comment period on a new payment account tier for crypto and fintech firms, acting within 48 hours of Trump's May 19 executive order. The proposal could give exchanges and stablecoin issuers direct access to the Fed's settlement rails for the first time.
By Tomás Iglesias
