Independent Banker - November 2022 - 59

3
ICBA's crypto
advocacy
initiatives
In August, ICBA responded
to the Treasury Department's
request for comments on
Is cryptocurrency
regulated?
Over the past several years, the U.S.
Securities and Exchange Commission
(SEC) has taken a strong enforcement
stance against cryptoassets. " The SEC
considers most, if not all, cryptoassets
to be securities, falling under the
purview of existing securities law, "
Quaranta says. " This presents an
entirely new series of challenges
for cryptoasset proponents and all
those who launch tokens within the
cryptoasset industry. "
Notably, the SEC recently
sanctioned token offerings on one
of the major U.S. crypto exchanges,
claiming that nine specific tokens
were securities that were illegally sold
as part of an insider trading case.
In addition to this, other regulatory
agencies, including the Commodity
Futures Trading Commission, the
Internal Revenue Service, the Office
of the Comptroller of the Currency
and more have weighed in on the
challenges, risks and responsibility
for those participating in cryptoassets,
" causing confusion along the way, "
Quaranta says.
Over the next year, there will be
a continuing high level of interest
and scrutiny by regulators and
policymakers, Laverdure says, but as
to what exactly is going to happen,
" much of that remains uncertain. "
how regulators can ensure
" responsible development "
of digital assets. In its letter,
ICBA listed critical areas for the
Treasury to consider, including:
Q National security and
implementing anti-crime
measures should be
the primary drivers of
cryptocurrency policymaking
and regulation.
Q Agencies should collaborate
to establish a clear regulatory
framework for digital assets.
Q Stablecoin issuance should
be limited to insured
depository institutions to
address risks to financial
stability, consumer protection
and national security.
" We don't have
harmonization on how
community banks
can offer crypto. They
really need clear
guidance about what
is permissible and
what is not. "
-BRIAN LAVERDURE, ICBA
Q Policymakers should prevent
unregulated entities from
issuing stablecoins and
maintain the separation of
banking and commerce
to prevent a Big Tech
stablecoin monopoly.
Q Regulators should move
swiftly on a comprehensive
framework to address the
shadow banking activities of
unregulated platforms.
Q ICBA opposes a central bank
digital currency (CBDC),
which would introduce risks
without providing benefits to
households, businesses and
the overall economy.
Learn more about ICBA's
stance on cryptocurrency at
icba.org/advocacy
independentbanker.org Q 59

http://www.icba.org/advocacy http://www.independentbanker.org

Independent Banker - November 2022

Table of Contents for the Digital Edition of Independent Banker - November 2022

Table of Contents
Independent Banker - November 2022 - Intro
Independent Banker - November 2022 - Cover1
Independent Banker - November 2022 - Cover2
Independent Banker - November 2022 - Table of Contents
Independent Banker - November 2022 - 2
Independent Banker - November 2022 - 3
Independent Banker - November 2022 - 4
Independent Banker - November 2022 - 5
Independent Banker - November 2022 - 6
Independent Banker - November 2022 - 7
Independent Banker - November 2022 - 8
Independent Banker - November 2022 - 9
Independent Banker - November 2022 - 10
Independent Banker - November 2022 - 11
Independent Banker - November 2022 - 12
Independent Banker - November 2022 - 13
Independent Banker - November 2022 - 14
Independent Banker - November 2022 - 15
Independent Banker - November 2022 - 16
Independent Banker - November 2022 - 17
Independent Banker - November 2022 - 18
Independent Banker - November 2022 - 19
Independent Banker - November 2022 - 20
Independent Banker - November 2022 - 21
Independent Banker - November 2022 - 22
Independent Banker - November 2022 - 23
Independent Banker - November 2022 - 24
Independent Banker - November 2022 - 25
Independent Banker - November 2022 - 26
Independent Banker - November 2022 - 27
Independent Banker - November 2022 - 28
Independent Banker - November 2022 - 29
Independent Banker - November 2022 - 30
Independent Banker - November 2022 - 31
Independent Banker - November 2022 - 32
Independent Banker - November 2022 - 33
Independent Banker - November 2022 - 34
Independent Banker - November 2022 - 35
Independent Banker - November 2022 - 36
Independent Banker - November 2022 - 37
Independent Banker - November 2022 - 38
Independent Banker - November 2022 - 39
Independent Banker - November 2022 - 40
Independent Banker - November 2022 - 41
Independent Banker - November 2022 - 42
Independent Banker - November 2022 - 43
Independent Banker - November 2022 - 44
Independent Banker - November 2022 - 45
Independent Banker - November 2022 - 46
Independent Banker - November 2022 - 47
Independent Banker - November 2022 - 48
Independent Banker - November 2022 - 49
Independent Banker - November 2022 - 50
Independent Banker - November 2022 - 51
Independent Banker - November 2022 - 52
Independent Banker - November 2022 - 53
Independent Banker - November 2022 - 54
Independent Banker - November 2022 - 55
Independent Banker - November 2022 - 56
Independent Banker - November 2022 - 57
Independent Banker - November 2022 - 58
Independent Banker - November 2022 - 59
Independent Banker - November 2022 - 60
Independent Banker - November 2022 - 61
Independent Banker - November 2022 - 62
Independent Banker - November 2022 - 63
Independent Banker - November 2022 - 64
Independent Banker - November 2022 - 65
Independent Banker - November 2022 - 66
Independent Banker - November 2022 - 67
Independent Banker - November 2022 - 68
Independent Banker - November 2022 - 69
Independent Banker - November 2022 - 70
Independent Banker - November 2022 - 71
Independent Banker - November 2022 - 72
Independent Banker - November 2022 - 73
Independent Banker - November 2022 - 74
Independent Banker - November 2022 - 75
Independent Banker - November 2022 - 76
Independent Banker - November 2022 - 77
Independent Banker - November 2022 - 78
Independent Banker - November 2022 - 79
Independent Banker - November 2022 - 80
Independent Banker - November 2022 - 81
Independent Banker - November 2022 - 82
Independent Banker - November 2022 - 83
Independent Banker - November 2022 - 84
Independent Banker - November 2022 - 85
Independent Banker - November 2022 - 86
Independent Banker - November 2022 - 87
Independent Banker - November 2022 - 88
Independent Banker - November 2022 - 89
Independent Banker - November 2022 - 90
Independent Banker - November 2022 - 91
Independent Banker - November 2022 - 92
Independent Banker - November 2022 - Cover3
Independent Banker - November 2022 - Cover4
https://www.nxtbook.com/mspc/independentbanker/january2025
https://www.nxtbook.com/mspc/independentbanker/december2024
https://www.nxtbook.com/mspc/independentbanker/november2024
https://www.nxtbook.com/mspc/independentbanker/october2024
https://www.nxtbook.com/mspc/independentbanker/september2024
https://www.nxtbook.com/mspc/independentbanker/august2024
https://www.nxtbook.com/mspc/independentbanker/july2024
https://www.nxtbook.com/mspc/independentbanker/june2024
https://www.nxtbook.com/mspc/independentbanker/may2024
https://www.nxtbook.com/mspc/independentbanker/april2024
https://www.nxtbook.com/mspc/independentbanker/march2024
https://www.nxtbook.com/mspc/independentbanker/february2024
https://www.nxtbook.com/mspc/independentbanker/january2024
https://www.nxtbook.com/mspc/independentbanker/december2023
https://www.nxtbook.com/mspc/independentbanker/november2023
https://www.nxtbook.com/mspc/independentbanker/october2023
https://www.nxtbook.com/mspc/independentbanker/september2023
https://www.nxtbook.com/mspc/independentbanker/august2023
https://www.nxtbook.com/mspc/independentbanker/july2023
https://www.nxtbook.com/mspc/independentbanker/june2023
https://www.nxtbook.com/mspc/independentbanker/may2023
https://www.nxtbook.com/mspc/independentbanker/april2023
https://www.nxtbook.com/mspc/independentbanker/march2023
https://www.nxtbook.com/mspc/independentbanker/february2023
https://www.nxtbook.com/mspc/independentbanker/january2023
https://www.nxtbook.com/mspc/independentbanker/december2022
https://www.nxtbook.com/mspc/independentbanker/november2022
https://www.nxtbook.com/mspc/independentbanker/october2022
https://www.nxtbook.com/mspc/independentbanker/september2022
https://www.nxtbook.com/mspc/independentbanker/august2022
https://www.nxtbook.com/mspc/independentbanker/july2022
https://www.nxtbook.com/mspc/independentbanker/june2022
https://www.nxtbook.com/mspc/independentbanker/may2022
https://www.nxtbook.com/mspc/independentbanker/april2022
https://www.nxtbook.com/mspc/independentbanker/march2022
https://www.nxtbook.com/mspc/independentbanker/february2022
https://www.nxtbook.com/mspc/independentbanker/january2022
https://www.nxtbook.com/mspc/independentbanker/december2021
https://www.nxtbook.com/mspc/independentbanker/november2021
https://www.nxtbook.com/mspc/independentbanker/october2021
https://www.nxtbook.com/mspc/independentbanker/september2021
https://www.nxtbook.com/mspc/independentbanker/august2021
https://www.nxtbook.com/mspc/independentbanker/july2021
https://www.nxtbook.com/mspc/independentbanker/june2021
https://www.nxtbook.com/mspc/independentbanker/may2021
https://www.nxtbook.com/mspc/independentbanker/april2021
https://www.nxtbook.com/mspc/independentbanker/march2021
https://www.nxtbook.com/mspc/independentbanker/february2021
https://www.nxtbook.com/mspc/independentbanker/january2021
https://www.nxtbook.com/mspc/independentbanker/december2020
https://www.nxtbook.com/mspc/independentbanker/november2020
https://www.nxtbook.com/mspc/independentbanker/october2020
https://www.nxtbook.com/mspc/independentbanker/september2020
https://www.nxtbook.com/mspc/independentbanker/august2020
https://www.nxtbook.com/mspc/independentbanker/july2020
https://www.nxtbook.com/mspc/independentbanker/june2020
https://www.nxtbook.com/mspc/independentbanker/may2020
https://www.nxtbook.com/mspc/independentbanker/april2020
https://www.nxtbook.com/mspc/independentbanker/march2020
https://www.nxtbook.com/mspc/independentbanker/february2020
https://www.nxtbook.com/mspc/independentbanker/january2020
https://www.nxtbook.com/mspc/independentbanker/december2019
https://www.nxtbook.com/mspc/independentbanker/november2019
https://www.nxtbook.com/mspc/independentbanker/october2019
https://www.nxtbook.com/mspc/independentbanker/september2019
https://www.nxtbook.com/mspc/independentbanker/august2019
https://www.nxtbook.com/mspc/independentbanker/july2019
https://www.nxtbook.com/mspc/independentbanker/june2019
https://www.nxtbook.com/mspc/independentbanker/may2019
https://www.nxtbook.com/mspc/independentbanker/april2019
https://www.nxtbook.com/mspc/independentbanker/march2019
https://www.nxtbook.com/mspc/independentbanker/february2019
https://www.nxtbook.com/mspc/independentbanker/january2019
https://www.nxtbook.com/mspc/independentbanker/december2018
https://www.nxtbook.com/mspc/independentbanker/november2018
https://www.nxtbook.com/mspc/independentbanker/october2018
https://www.nxtbook.com/mspc/independentbanker/september2018
https://www.nxtbook.com/mspc/independentbanker/august2018
https://www.nxtbook.com/mspc/independentbanker/july2018
https://www.nxtbook.com/mspc/independentbanker/june2018
https://www.nxtbook.com/mspc/independentbanker/may2018
https://www.nxtbook.com/mspc/independentbanker/april2018
https://www.nxtbook.com/mspc/independentbanker/march2018
https://www.nxtbook.com/mspc/independentbanker/february2018
https://www.nxtbook.com/mspc/independentbanker/january2018
https://www.nxtbook.com/mspc/independentbanker/december2017
https://www.nxtbook.com/mspc/independentbanker/november2017
https://www.nxtbook.com/mspc/independentbanker/october2017
https://www.nxtbook.com/mspc/independentbanker/september2017
https://www.nxtbook.com/mspc/independentbanker/august2017
https://www.nxtbook.com/mspc/independentbanker/july2017
https://www.nxtbook.com/mspc/independentbanker/june2017
https://www.nxtbook.com/mspc/independentbanker/may2017
https://www.nxtbook.com/mspc/independentbanker/april2017
https://www.nxtbookmedia.com