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Financial Stability Oversight Council

U.S. Secretary of the Treasury Janet Yellen is set to warn lawmakers about crypto hazards to financial stability. (Jesse Hamilton/CoinDesk)
Policy
Regulations
Treasury Secretary Janet Yellen Warns of Crypto Risks
Yellen is set to tell U.S. lawmakers that the FSOC is especially wary of stablecoins and the potential for digital asset runs.
U.S. Secretary of the Treasury Janet Yellen is set to warn lawmakers about crypto hazards to financial stability. (Jesse Hamilton/CoinDesk)
By Jesse Hamilton
Feb 5, 2024 at 10:56 p.m. UTC
Feb 5, 2024
RegulationsFinancial Stability Oversight CouncilJanet YellenTreasury DepartmentStablecoinsLegislation
Unregulated Crypto Could Bring Risks to Financial Stability: FSOC
Video
Nikhilesh de
Unregulated Crypto Could Bring Risks to Financial Stability: FSOC
The Financial Stability Oversight Council warned that cryptocurrencies could pose risks to U.S. financial stability if they “were to grow without adherence to or being paired...
Unregulated Crypto Could Bring Risks to Financial Stability: FSOC
By CoinDesk Staff
Oct 4, 2022 at 4:33 p.m. UTC
Oct 4, 2022
Nikhilesh DecdtvFM Clipcrypto regulationNik DeFinancial Stability Oversight CouncilState of CryptoStateCrypto_SponsorFinancial Stability
Crypto in Focus on Capitol Hill
Video
Nikhilesh de
Crypto in Focus on Capitol Hill
The House Financial Services Committee is holding a hearing on the Financial Stability Oversight Council with Janet Yellen. Separately, the House Agriculture Committee is expe...
Crypto in Focus on Capitol Hill
By CoinDesk Staff
May 12, 2022 at 4:46 p.m. UTC
May 12, 2022
Nikhilesh DecdtvFM ClipJanet YellenStablecoinsFTXHouse Financial Service CommitteeFinancial Stability Oversight Council
US Treasury Seal
Markets
Payments
US Treasury Wants Regulators to Watch for 'Potential Risks' in Digital Asset Innovation
The Treasury Department wants state and federal regulators to keep a vigilant watch on digital asset innovation.
US Treasury Seal
By Sebastian Sinclair
Dec 4, 2020 at 11:05 a.m. UTC
Dec 4, 2020
paymentsUS Treasury DepartmentStablecoinsFinancial Stability Oversight Council
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