PayThink

Don't discount the impact of having your bank's name and logo on small, everyday items that customers and potential customers will see every day.

Banks that think they can compete in the stablecoin space are making a huge mistake. The smart move would be to upgrade infrastructure to allow assets to move between banks and crypto accounts seamlessly.

For too long, banks have outsourced innovation, placing their future in the hands of outside vendors. That's no longer a viable strategy. Banks need to bring innovation in-house again.

The 11 Federal Home Loan banks play an essential role in the housing market and in local economies. Cutting their community ties would damage their ability to fulfill that mission.

A robust consumer protection regime ensures that consumers will rely on the stability and reliability of traditional banks by pushing capital away from volatile and speculative markets.

As the user experience becomes fundamentally more digital, the separation of banking and commerce washes out. It all starts to look like data processing.

An administration willing to rethink longstanding regulatory norms could implement targeted reforms that unlock the potential for increased investment, innovation and job creation across the country.

Whether intentionally or not, regulatory incentives and punishments drive banks out of a lending market, to the detriment of the banking industry, consumers, American business and, in the long run, regulators themselves.

President Trump's first administration laid the foundation for open banking in the United States through market-oriented principles. His second administration now has the opportunity to build upon this foundation.