DCUC Presses Congress To Ensure Credit Unions Can Serve Small Businesses In Crypto

WASHINGTON—The Defense Credit Union Council is urging Congress to ensure credit unions can safely offer cryptocurrency and other digital asset services to small businesses, working families and their communities as lawmakers examine the growing role of crypto on Main Street.

DCUC made the call Friday in comments submitted to the House Small Business Subcommittee on Innovation, Entrepreneurship, and Workforce Development ahead of its Sept. 15 hearing, “Main Street Meets Crypto: What Digital Assets Mean for Small Businesses.” 

“Small businesses should be able to choose their trusted, member-owned credit union as digital asset services evolve. In support of that, Congress should ensure credit unions have a clear and workable path to provide these services while maintaining the safeguards and personal guidance their members depend on,” stated Anthony Hernandez, DCUC president/CEO, ret. U.S. Air Force colonel.

In the letter, DCUC highlighted that digital asset policy should focus on practical outcomes for Main Street businesses, including faster payments, efficient transactions, transparent costs, and access to trusted financial guidance. DCUC urged Congress and regulators to ensure credit unions are included in digital asset and market structure frameworks and have access to the infrastructure, technology partners, and shared-service models needed to participate.