BlockBeats News, December 11th, U.S. Treasury Secretary Benson is proposing a major adjustment to the government's approach to financial regulation and stability. Benson will suggest changing the work policy of the Financial Stability Oversight Council (FSOC) to promote a more relaxed regulatory environment and a freer approach.Benson will write in a letter on Thursday: "The Council will collaborate with its member agencies and support their assessment of whether certain aspects of the financial regulatory framework impose an excessive burden and have a negative impact on economic growth, thereby undermining financial stability."Established in 2008 after the financial crisis, the FSOC aims to monitor and address systemic risks, with Benson serving as the chair of the committee. This plan marks a shift in the committee's long-standing focus on strengthening regulation. Benson will also establish a working group to "explore the opportunities of AI in enhancing the resilience of the financial system, while monitoring the potential risks that AI applications may pose to financial stability". (Golden Finance)

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