#FSOC American Council for Financial Stability has removed digital assets from the list of potential threats to the US financial system. Quietly, without drama and without loud statements. Just a statement of fact: the crypto market no longer looks like a ticking time bomb under the economy.
FSOC was created after the 2008 crisis to prevent the country from spiraling into such a nosedive again. The council includes heads of key financial departments. They monitor systemic risks, coordinate oversight, and can assign large non-bank companies the status of systemically important if they potentially have the ability to 'shake' the market.
And if earlier crypto was on the list of risky topics, now it is not. This does not mean that the industry has become perfect and problem-free, but the signal is quite loud: in Washington, it is already being perceived more calmly. For the industry, this is a step towards normalization. For investors — another hint that the market is maturing.