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CATEGORY: fsoc

U.S. FSO Council Recommends Crypto Legislation To Address Regulatory Gaps: Report
Author: Mishal Ali
Estonia
Source: TronWeekly
Dec 17, 2022 07:10

U.S. FSO Council Recommends Crypto Legislation To Address Regulatory Gaps: Report

Officials from the United States Financial Stability Oversight Council (FSOC) recommended that U.S. legislators address the regulatory gaps surrounding crypto in this year’s annual report published on December 16th. The Council’s 2022 annual report evaluates key financial market developments, discusses potential new risks to American financial stability, identifies financial system weaknesses, and offers mitigation suggestions. Digital Assets […]

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Senate Banking Committee And Treasury To Join Hands For Crypto Legislation
Author: Aishwarya shashikumar
Estonia
Source: TronWeekly
Dec 01, 2022 10:50

Senate Banking Committee And Treasury To Join Hands For Crypto Legislation

The chairman of the US Senate Banking Committee, Sherrod Brown, has urged Treasury Secretary Janet Yellen to collaborate with lawmakers and banking authorities on comprehensive crypto legislation “in the wake of FTX’s downfall.” In a letter dated Nov. 30 and addressed to Yellen, the Senate Banking Committee Chair, Brown demanded that the Treasury secretary works […]

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FTX CEO Says His Brand is "Totally on Board With Regulation"
Hong Kong
Source: Blockchain News
Oct 13, 2022 02:15

FTX CEO Says His Brand is "Totally on Board With Regulation"


Sam Bankman-Fried said he has a positive disposition to regulation as it is the right thing to do (Read More)

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U.S. Financial Stability Oversight Council to Discuss Digital Asset Regulation Next Week
Hong Kong
Source: Blockchain News
Sep 18, 2022 06:55

U.S. Financial Stability Oversight Council to Discuss Digital Asset Regulation Next Week


The Financial Stability Oversight Committee (FSOC), chaired by U.S. Treasury Secretary Yellen, will meet on September 23 to discuss regulatory loopholes in digital currencies and the potential risks they pose. (Read More)

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Crypto Risks Demand Congressional Action, Treasury Secretary Sounds Alarm
Author: Ammar Raza
Estonia
Source: TronWeekly
Feb 07, 2024 02:30

Crypto Risks Demand Congressional Action, Treasury Secretary Sounds Alarm

On Feb 6th, U.S. Treasury Secretary Janet Yellen, in her testimony before Congress, highlighted the multifaceted risks posed by the cryptocurrency industry to the financial system, underscoring the urgency for regulatory oversight and legislation. Addressing the House Financial Services Committee, Yellen emphasized the concerns surrounding stablecoins, potential runs on crypto platforms, and the volatile nature […]

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FSOC warns stablecoins remain a 'potential risk' to financial stability
Author: Cointelegraph by Ciaran Lyons
United States
Source: Cointelegraph.com News
Dec 08, 2024 12:00

FSOC warns stablecoins remain a 'potential risk' to financial stability

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

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