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The House and Senate have both advanced versions of legislation that would allow banks and non-bank firms to issue non-interest-bearing stablecoins.

A community bank vibe check on stablecoins

One area of the banking sector has stood out in our conversations about the future of finance and stablecoin reform – community banks. No one’s quite sure how stablecoins would impact smaller, locally-focused banks, but advocates are clearly worried about unintended consequences.

So we checked in with the Independent Community Bankers of America over the weekend. In a new statement, the trade group’s head of government relations laid out the state of play from their seat as lawmakers begin to move toward the next stage of the “Crypto Congress.”

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