While the financial services industry continues to rapidly evolve, banking policy often struggles to keep up or suffers from ill-considered changes that miss the mark.

Following President Donald Trump’s signing of a new law on stablecoins—the GENIUS Act—on July 18, it is essential that the nation’s community bankers understand what it means for our industry, how ICBA has helped shape stablecoin policy, and the path forward as we face the challenges and opportunities this new law presents.

On the heels of our recent Capital Summit, in which hundreds of community bankers traveled to Washington to meet with policymakers, it is worth pausing to reflect on our successes as well as the many advocacy priorities we continue to advance under our ambitious “Repair, Reform, and Thrive” plan.