FSOC Drops Crypto from Risk List, Embraces Innovation

The FSOCs latest report removes crypto from its list of financial risks, marking a shift from a vulnerability-focused approach to one that emphasizes long-term economic growth and security. The report now includes a section on further actions, reflecting a more supportive stance towards the sector. While acknowledging a potential risk of stablecoins being misused, the report expects their continued use to support the dollars international role.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.