News

A new U.S. Congress convened Jan. 3, with pressure from President-elect Donald Trump and the financial services industry alike to roll back current as well as pending regulations and prioritize legislation that would accelerate mainstream adoption of cryptocurrencies. In a two-page letter, the American Bankers Association and 52 state banking associations urged Trump to pause all rulemakings, especially those that threaten their "ability to provide capital and credit to Main Street," and called on the Treasury Department to assess its "current regulatory rulebook, paying particular attention to changes enacted over the last few years." "For the past several years, the...