Banking Trades Statement on Clarity Act Cloture Vote

Following today's Senate cloture vote on the Digital Asset Market Clarity Act, the American Bankers Association, Association of Military Banks of America, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum, Independent Community Bankers of America, Mid-Size Bank Coalition of America and National Bankers Association issued the following joint statement.

"The nation's banks continue to support creating a strong, durable regulatory framework for digital assets that will set the course for U.S. global leadership for decades to come. We believe Congress can accomplish that goal while protecting the bank lending that drives economic growth. As lawmakers consider next steps, we encourage them to adopt targeted changes to stablecoin yield policy. We stand ready to work with all stakeholders to achieve this important goal."

Media Contacts:

Sarah Grano
American Bankers Association
[email protected]

Sam Fabens
Bank Policy Institute
[email protected]

Weston Loyd
Consumer Bankers Association
[email protected]

Sarah Knakmuhs
Financial Services Forum
[email protected]

Nicole Swann
Independent Community Bankers of America
[email protected]

Molly Moran
National Bankers Association
[email protected]

About the American Bankers Association
The American Bankers Association is the voice of the nation's $26.5 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.7 trillion in deposits and extend $13.9 trillion in loans.

About the Association of Military Banks of America
The Association of Military Banks of America (AMBA) is the nation's only not-for-profit trade association of banks operating on military installations, banks not located on military installations but serving military and veteran customers, and military banking facilities designated by the United States Treasury. Founded in 1959, the association's membership includes community banks and large multinational financial institutions, all of which are insured by the Federal Deposit Insurance Corporation. You can learn more about AMBA at www.militarybanking.org.

About Bank Policy Institute
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud and other information security issues.

About Consumer Bankers Association
The Consumer Bankers Association represents America's leading retail banks. We promote policies to create a stronger industry and economy. Established in 1919, CBA's corporate member institutions account for 1.7 million jobs in America, extend roughly $4 trillion in consumer loans and provide $275 billion in small business loans annually. Follow us on X @consumerbankers.

About Financial Services Forum
The Financial Services Forum is an economic policy and advocacy organization whose members are the eight largest and most diversified financial institutions headquartered in the United States. Forum member institutions are a leading source of lending and investment in the United States and serve millions of consumers, businesses, investors, and communities throughout the country. The Forum promotes policies that support savings and investment, financial inclusion, deep and liquid capital markets, a competitive global marketplace, and a sound financial system.

About the Independent Community Bankers of America
The Independent Community Bankers of America® has one mission: to create and promote an environment where community banks flourish. We power the potential of the nation's community banks through effective advocacy, education, and innovation. As local and trusted sources of credit, America's community banks leverage their relationship-based business model and innovative offerings to channel deposits into the neighborhoods they serve, creating jobs, fostering economic prosperity, and fueling their customers' financial goals and dreams. For more information, visit ICBA's website at icba.org.

About the Mid-Size Bank Coalition of America
The Mid-Size Bank Coalition of America (MBCA) was founded in 2011 by a small group of CEOs who believed mid-size banks were underrepresented and underserved in national conversations. What began with ten institutions has grown into a peer-led coalition of more than 100 banks across all 50 states and Puerto Rico, representing over $3 trillion in assets. The MBCA is a self-help community of CEOs and senior executives - built on trust, candor and shared purpose - where operators connect to exchange practical insight, compare how their banks actually work, and strengthen the collective voice of mid-size institutions.

About the National Bankers Association
Founded in 1927, the National Bankers Association (NBA) is the premier trade association representing the nation's mission-driven banks. NBA's mission is to strengthen mission-driven banks through advocacy, research, partnerships, and innovation, ensuring that financial services are accessible, affordable, and inclusive for all. For more information visit nationalbankers.org.

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About the American Bankers Association

The American Bankers Association is the voice of the nation's $26.5 trillion banking industry, which is composed of small, regional and large banks that together employ over 2 million people, safeguard $20.7 trillion in deposits and extend $13.9 trillion in loans.