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Financial Stability Group Warns of Stablecoin, DeFi Risks in Annual Report

Top U.S. financial system regulators highlighted crypto’s growing risk in their annual stability annual report.

Treasury Secretary Janet Yellen (right) chairs the FSOC, which also includes Fed Chair Jerome Powell (Alex Wong/Getty Images)
Treasury Secretary Janet Yellen (right) chairs the FSOC, which also includes Fed Chair Jerome Powell (Alex Wong/Getty Images)