Bank groups ask crypto czar David Sacks to revise rules
Six major banking associations sent a letter to the White House crypto czar David Sacks calling on the President’s Working Group on Digital Asset Markets to revise rules that
By not doing so, the letter argues, “the United States will not be able to achieve a leadership position in digital assets and financial technology under the status quo.”
The Bank Policy Institute, American Bankers Association, Financial Services Forum, SIFMA, Association of Global Custodians and the Clearing House Association in the letter asked the working group to “rescind or substantially revise” statements and guidance documents issued by the federal banking agencies.
The policy statements, which include…
