FSOC – DIGIT INFO

FSOC warns stablecoins remain a ‘potential risk’ to financial stability

DIGIT — Sat, 07 Dec 2024 02:41:40 +0000

In its 2024 annual report, the FSOC said that stablecoins are “acutely vulnerable to runs absent appropriate risk management standards.”

Go to Source

Top US Regulators Urge Congress to Pass Legislation on Crypto Assets

DIGIT — Wed, 05 Oct 2022 00:30:17 +0000

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 […]

Go to Source

US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial system

DIGIT — Fri, 17 Dec 2021 21:19:39 +0000

“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