FSOC warns stablecoins remain a ‘potential risk’ to financial stability
In its 2024 annual report, the FSOC said that stablecoins are “acutely vulnerable to runs absent appropriate risk management standards.” Go to Source
FSOC
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Top US Regulators Urge Congress to Pass Legislation on Crypto Assets
The U.S. Financial Stability Oversight Council (FSOC), a group of the country’s top financial regulators, has urged Congress to pass legislation for the regulation of crypto assets. Treasury Secretary Janet Yellen said: “Crypto-asset activities could pose risks to U.S. financial stability if their interconnections with the traditional financial system or their overall scale were to … Read more
US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system
“The Council recommends that state and federal regulators review available regulations and tools that could be applied to digital assets,” says the FSOC. Go to Source Powered by WPeMatico
