BANK NOTES
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Stablecoin Loophole Raises Concerns for Idaho Community Banks
A recent Idaho Statesman guest opinion highlights a growing concern for community banks as policymakers continue developing the regulatory framework for stablecoins. In the op-ed, Carlan McDaniel, executive vice president and chief operating officer at The Bank of Commerce and chair of the Idaho Community Bank Committee, points to an unintended loophole in the…
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Op Ed: Idaho small business depends on closing the stablecoin loophole
By: Mike Morrison Mike Morrison is the President and CEO of The Bank of Commerce and the chair of the Idaho Bankers Association. Innovation and tradition go hand in hand in Idaho. Our expanding tech corridor and agricultural economy might seem opposite on paper, but both rely on the same thing: a stable financial…