US FSOC Just Dropped Crypto's "Risk" Label! šØ
This is HUGE. The Financial Stability Oversight Council's latest report has scrubbed digital assets from its list of financial system weaknesses. Forget the previous focus on crypto risks; the new committee is all about supporting long-term economic growth. This signals a major shift from the previous administration's regulatory push. The FSOC report is now significantly shorter, and notably, no longer includes regulatory recommendations for crypto assets. Regulators have even withdrawn general warnings about institutions engaging with crypto. Instead, the report highlights the positive growth of the digital asset industry, while still keeping an eye on potential abuse of dollar-denominated stablecoins. The continued expansion of these stablecoins is expected to boost the dollar's global standing.
Disclaimer: This is not financial advice.
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