FSOC’s Still Worried About Stablecoins
The group’s 2024 report once again highlighted FSOC’s longstanding concerns about stablecoins.
FSOC
A Backdoor Regulatory Option Haunts U.S. Crypto
After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that saddle them with tremendous new restrictions, and the crypto sector has the council’s attention.
Financial Regulators Reiterate Call for Legislation to Address Crypto Risks
Congress needs to pass laws addressing stablecoins and non-securities spot markets, the Financial Stability Oversight Council said in its latest annual report.