J.W. Verret is an associate professor at George Mason University Antonin Scalia Law School and manager of Veritas Financial Analytics LLC. He is the former chief economist and senior counsel to the House Financial Services Committee.
There is conclusive evidence that stablecoin adoption does not lead to deposit runoff at community banks. This should give bankers the confidence to grow their businesses by offering stablecoin-related services.
Lawmakers delayed the new accounting standard as part of the stimulus package, but they shouldn't let bankers persuade them to eliminate it outright.
Lawmakers recently introduced legislation to delay implementation of a new accounting standard for current expected loan losses. But policymakers should seek to preserve the accounting body’s independence.
The private sector will be able to provide more efficient and innovative technologies for the industry.
The private sector will be able to provide more efficient and innovative technologies for the industry.
Conservatives will continue to fight for the kinds of reforms embodied in the Choice Act for decades to come, and history suggests they will likely win out.