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FSOC Urges Legislation To Curb Crypto's Systemic Risks

By Jon Hill ( October 3, 2022, 10:05 PM EDT) -- The Financial Stability Oversight Council is calling for Congress to equip federal regulators with explicit authority to oversee stablecoin issuers and rein in the spot market for cryptocurrencies like bitcoin as part of a package of recommendations aimed at curtailing digital asset risks to the financial system....

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