FSOC Still Wants Lawmakers to Move First on Crypto
Also, Kim Kardashian busted; Gruenberg speaks on banks' climate risks
The Financial Stability Oversight Council just released its massive report identifying the top risks posed by digital assets, as well as highlighting “oversight gaps” that could lead to an economic blow-up. And stablecoins are clearly what worries the group the most.
Perhaps the biggest takeaway is that the council appears far from ready to designate any…
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