Washington, D.C. — Following today’s meeting at the White House on crypto market structure legislation, the American Bankers Association, Bank Policy Institute and Independent Community Bankers of America issued the following joint statement:

“We thank the White House for hosting today’s meeting and continue to share the administration’s strong interest in finding agreement on crypto market structure legislation. As we noted during the meeting, that framework can and must embrace financial innovation without undermining safety and soundness, and without putting the bank deposits that fuel local lending and drive economic activity at risk. We look forward to ongoing discussions to move market structure legislation…