Crypto may not be a systemic risk just yet, but it's among the top worries for U.S. regulators, according to the latest annual report from the Financial Stability Oversight Council, led by USTreasury and SecYellen. jesseahamilton reports
There are hazardous gaps in how crypto is overseen, according to U.S. Treasury Secretary Janet Yellen, speaking to the Financial Stability Oversight Council – restating a view that’s long been adopted by U.S. lawmakers, regulators and the industry itself.
"We have seen significant shocks and volatility in the crypto assets system over the past year, including in recent months," Yellen said during the meeting, calling digital-assets risks one of the"key priorities" in this year's report.
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