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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.

Updated May 11, 2023, 5:18 p.m. Published Dec 17, 2021, 9:52 p.m.
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)