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FSOC
FSOC's Still Worried About Stablecoins
The group's 2024 report once again highlighted FSOC's longstanding concerns about stablecoins.
A Backdoor Regulatory Option Haunts U.S. Crypto
If all else fails with Plan A for setting up stablecoin rules with legislation, the industry's Republican allies in Washington have revealed their worry the Federal Reserve could step in.
Financial Regulators Reiterate Call for Legislation to Address Crypto Risks
The Financial Stability Oversight Council met Thursday, releasing a report detailing all of its concerns from the past year.
US Rings Crypto Warning Bell That Regulators Say Only Congress Can Silence
The latest report of the Financial Stability Oversight Council says the risky sector needs Congress to intervene, though crypto hasn’t yet posed a danger to the wider financial system.
What’s Inside the FSOC’s Long-awaited Report on Crypto Regulation
The Financial Stability Oversight Council published its own report on crypto regulations, calling for Congress to designate a spot market regulator.
Senator Warren Urges ‘Coordinated and Holistic’ Response to ‘Dangers’ of Crypto
In her letter to Treasury Secretary Janet Yellen, Warren cited DeFi, crypto-enabled cyber attacks and unique threats posed by stablecoins as risks to the financial system.
Top US Financial Regulators Urge Monitoring of Digital Assets, Stablecoins
A panel of top U.S. financial regulators urged federal and state officials to monitor risks from digital assets like bitcoin.
US Treasury Report: DLT Data Storage Raises Oversight Concerns
The Financial Oversight Stability Council acknowledged that virtual currencies are becoming more common, but have a limited impact on the economy.
