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FSOC

Treasury Secretary Janet Yellen chairs the Financial Stability Oversight Council, which has warned it might take action on stablecoins if Congress doesn't. (Samuel Corum/Getty Images)
Policy
Regulations
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 co...
Treasury Secretary Janet Yellen chairs the Financial Stability Oversight Council, which has warned it might take action on stablecoins if Congress doesn't. (Samuel Corum/Getty Images)
By Jesse Hamilton
Jan 29, 2024 at 1:00 p.m. UTC
Jan 29, 2024
RegulationsFSOCStablecoinsCongress
Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images)
Policy
Regulations
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.
Treasury Secretary Janet Yellen (Anna Moneymaker/Getty Images)
By Nikhilesh De
Dec 14, 2023 at 10:19 p.m. UTC
Dec 14, 2023
RegulationsFSOCTreasury Department
U.S. Treasury Department building in Washington, D.C. (Jesse Hamilton/CoinDesk)
Policy
Regulations
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 financia...
U.S. Treasury Department building in Washington, D.C. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Dec 16, 2022 at 4:45 p.m. UTC
Dec 16, 2022
RegulationsFSOCTreasury DepartmentRisky assetsFTXUSCongress
FSOC met to discuss the report prior to its publication on Monday. (Anna Moneymaker/Getty Images)
Policy
Newsletters
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.
FSOC met to discuss the report prior to its publication on Monday. (Anna Moneymaker/Getty Images)
By Nikhilesh De
Oct 7, 2022 at 8:30 p.m. UTC
Oct 7, 2022
NewslettersState of CryptoRegulationSECCFTCFSOC
Sen. Elizabeth Warren (D-Mass.)
Markets
Fsoc
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.
Sen. Elizabeth Warren (D-Mass.)
By Cheyenne Ligon
Jul 27, 2021 at 4:19 p.m. UTC
Jul 27, 2021
FSOCCryptocurrency RegulationElizabeth Warren
Treasury Secretary Steven Mnuchin
Policy
Regulation
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.
Treasury Secretary Steven Mnuchin
By Bradley Keoun
Dec 5, 2019 at 9:00 a.m. UTC
Dec 5, 2019
RegulationFSOC
Treasury image via Shutterstock
Markets
Regulation
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.
Treasury image via Shutterstock
By Nikhilesh De
Dec 15, 2017 at 8:00 p.m. UTC
Dec 15, 2017
RegulationNewsJPMorgan ChaseFinancial Stability Oversight CouncilFSOCVirtual Currencies