US Banks Want SEC to Weigh Crypto’s Deposit Cost
Photo: Coindoo
Key Takeaways Community bankers want deposit analysis before SEC rule. Group says crypto exemptions could boost stablecoin use. USDC reserve cash sits mostly at major banks. Higher deposit rates preceded slower stablecoin growth. In a comment letter filed on October 20 , the last day for comments, the Independent Community Bankers of America (ICBA) asked the SEC not to finalize Regulation Crypto Assets until it studies the rule’s effect on community-bank deposits and local lending.
Source: Coindoo
