News with the tag "FSOC"

The U.S Treasury Department’s Financial Stability Oversight Council (FSOC) says the role of stablecoins as a bridge between the digital asset market and the broader financial system warrants continued attention. In its 2024 annual report , the FSOC says that stablecoins – commodity or currency-pegge...

The United States Financial Stability Oversight Council (FSOC) has raised serious concerns about stablecoins in its latest annual report, highlighting their potential to destabilize financial systems. The December 6 report stated the lack of robust risk management practices among stablecoin issuers,...

The Financial Services Oversight Council (FSOC) has discussed the threat of stablecoins to financial stability. According to its annual report published on December 6, the council highlighted that the assets lack the needed risk management standard which could open them to certain risks in the marke...

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

Caitlin Long, the Founder and CEO of Custodia Bank hs flagged a new position by the Financial Stability Oversight Council (FSOC). Taking to the X platform, Long commented directly on a new report from the FSOC regarding the “concentration risks” associated with the crypto industry. According to the ...

BitFinex CTO Paulo Ardoino save the day after hackers allege compromising users’ account details. FSOCIETY sparked panic by claiming to have compromised BitFinex. Initially, security researchers authenticated the hack, citing The post BitFinex Under Threat? Hackers Allege Access to 400K Users’ Accou...

U.S. Treasury Secretary Janet Yellen will highlight the risks associated with crypto platforms and stablecoins.

After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that saddle them with tremendous new restrictions, and t...