The Independent Community Bankers of America (ICBA) has expressed its views on the anticipated executive order concerning digital assets by President-elect Donald Trump. ICBA President and CEO Rebeca Romero Rainey issued a statement addressing the need for regulatory clarity in the banking sector.
"As President-elect Donald Trump considers new policies on digital assets, ICBA and the nation’s community banks strongly encourage the incoming administration to ensure regulatory clarity for banks," stated Romero Rainey.
She emphasized that establishing "a level regulatory playing field between the banking and crypto sectors as well as clear rules for permissible crypto-related products and services will support a more secure environment for consumers and the financial system."
Romero Rainey highlighted that effective regulation of digital assets is crucial to ICBA's "Repair, Reform, and Thrive" plan. She added, "ICBA and community bankers nationwide look forward to working with the incoming Trump administration to ensure sound crypto regulations that promote financial stability, mitigate risks to consumers, and address national security risks."
The ICBA is committed to fostering an environment where community banks can thrive through advocacy, education, and innovation. These banks play a vital role in their communities by supporting local economies through relationship-based business models.
For further details about ICBA's initiatives or mission, visit their website at icba.org.