Banking Trades Statement on White House Crypto Market Structure Meeting

Washington, D.C. (Feb. 2, 2026)-Following today's meeting at the White House on crypto market structure legislation, the Independent Community Bankers of America, American Bankers Association, Bank Policy Institute, Consumer Bankers Association and Financial Services Forum issued the following joint statement:

"We want to thank the administration for hosting today's constructive conversation and for recognizing the importance of the banking industry's perspective on market structure legislation. As we shared in the meeting, we must ensure that any legislation supports the local lending to families and small businesses that drives economic growth and protects the safety and soundness of our financial system. Banks of all sizes will continue to work with lawmakers, the White House and other stakeholders to help develop thoughtful, effective policy around digital assets."

Additional Background

Below is a selection of some of the groups' recent advocacy and research on the stablecoin yield/interest issue:

• Joint Trades CEO Letter Urges Congress to Close Stablecoin Loophole

• ABA: Community Bank Leaders Urge Senate to Protect Local Lending from Stablecoin Risks

• Joint ABA and State Bankers Associations Letter to the Senate on Stablecoin Rewards

• CBA: ICYMI: New Research Examines Impact of Interest-Bearing Stablecoins on Banks' Ability to Lend

• ICBA and State Banking Associations: Protect Vital Role of Community Bank Deposits

• ICBA Analysis: Permitting Interest on Payment Stablecoin Holdings Would Reduce Community Bank Lending by $850 Billion

About the American Bankers Association
The American Bankers Association is the voice of the nation's $25.1 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.7 trillion in deposits and extend $13.2 trillion in loans.

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 the 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 Twitter @consumerbankers.

About the 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.