Washington, D.C. — BPI President and CEO Greg Baer responded today to a House Financial Services Committee vote on the Stablecoin Transparency and Accountability for a Better Ledger Economy Act of 2025 (STABLE Act):
“The integrity of Federal Reserve master accounts underpins the financial stability of America’s payment system. We commend Chairman Hill, Subcommittee Chairman Steil and their colleagues in both parties for taking a neutral approach on this issue in the Committee-reported STABLE Act, which ensures that current law on eligibility for master account access remains in place. As the bill advances, we look forward to continued collaboration to ensure that all relevant requirements applied to banks also apply to stablecoin issuers and any other entity that may seek to obtain a master account.”
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About Bank Policy Institute.
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud, and other information security issues.
Media Contacts
- Austin Anton, Bank Policy Institute, austin.anton@bpi.com
