Digital Assets & Banking
We empower prudentially-regulated firms and their digitally native service providers to unlock their full innovation potential in digital assets while advocating for clear, balanced regulation that paves the way for stablecoin integration in the Web3 economy and beyond.
Systemic barriers and U.S. regulatory uncertainty prevent prudentially-regulated firms from fully engaging with blockchain technology. This lack of clarity stifles innovation, slows dollar-denominated stablecoin adoption, and threatens the U.S. Dollar’s status as the global reserve currency.
We empower prudentially-regulated firms and their digitally native service providers through a collaborative ecosystem and advocacy for a clear legal framework. This includes mandating federally overseen collateral for stablecoins, providing non-bank issuers oversight options, and preserving state-based regulatory frameworks to drive innovation.
The Policy Issues
The rules shaping digital assets, AI, and emerging technologies are being written right now. These are the issues where clear policy can unlock innovation, strengthen trust, and keep America competitive.
Digital Asset Ecosystem Development
Institutional participation in digital assets requires access to vetted technology partnerships, peer implementation strategies, regulatory intelligence, and institutional-grade service providers for custody, payments, and blockchain integration. The Digital Chamber is convening core and third-party providers with bank and crypto-native members to build a trusted innovation ecosystem, demonstrating that institutional-scale digital asset engagement is achievable and operationally sound.
Fair Banking & Anti-Debanking
Subjective reputational risk assessments are applied inconsistently across regulators and institutions, creating uncertainty for compliant firms. The Digital Chamber advocates for objective, risk-based supervision, where regulatory decisions are tied to measurable compliance risk and demonstrated practices, not perception or reputation concerns.
Balanced Stablecoin Regulation
The rapid ascent of stablecoins has brought to the forefront the need for a regulatory framework that can keep pace with the sector’s innovation while addressing emerging challenges.Â
States have been pivotal in driving forward the innovation and adoption of stablecoins. We advocate for a balanced stablecoin regulatory framework that recognizes and preserves existing state pathways for stablecoin issuance and management and provides necessary clarity and protections for consumers and issuers alike.Â
BSA/AML Modernization
The Bank Secrecy Act’s reporting thresholds and compliance frameworks are outdated relative to modern financial infrastructure. The Digital Chamber supports comprehensive modernization, including recalibrated reporting requirements and risk-based transaction monitoring, to align compliance obligations with current risk profiles and enable blockchain innovation without compromising AML/CFT effectiveness.
Our Impact
Driving prudential policy for digital assets through regulatory advocacy, industry education, and collaboration with federal and state banking agencies.
Supporting the GENIUS Act
We actively lobbied in support of the GENIUS Act — the first federal stablecoin legislation ever enacted in the United States. We invested in stablecoin regulation via the GENIUS Act as a core part of its 2025 legislative priorities Congress.gov, advocating for the framework that ultimately became law when President Trump signed it on July 18, 2025.Â
Calling for Immediate Legislative Action
We published How Stablecoins are Extending U.S. Dollar Dominance, a landmark report calling on Congress to act on stablecoin legislation. The report made the case that dollar-linked stablecoins are becoming critical tools for payments and remittances globally — and that U.S. inaction risked ceding ground to foreign competitors.
Engaging the White House and Congress
We engaged directly with the White House and Senate Banking Committee stakeholders to advance durable stablecoin legislation, offering balanced principles to resolve outstanding disputes – including on yield prohibitions and the treatment of stablecoins in DeFi ecosystems.