Leading financial industry groups are urging the Trump administration to roll back federal policies that restrict US banks from participating in digital asset markets, claiming it hampers American financial innovation. They are calling for the rescission or revision of policies imposed by federal banking agencies under the previous administration and seeking to include key regulators in reshaping the US digital asset framework. The groups argue that US banks are lagging behind international competitors in the digital asset sector due to restrictive policies and are advocating for regulatory and legislative proposals to help US banks regain competitiveness. They also recommend expanding the President’s Working Group to include banking regulators and other relevant agencies to address digital asset issues effectively.
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