Financial stability regulators announced that they will meet for digital assets next week.
The Financial Stability Oversight Council will meet next week to discuss regulatory gaps around digital currencies.
Regulators’ Agenda Digital Assets
While digital assets continue to be popularized and adopted, future regulations in this area continue to be on the agenda. Steps in this area from many parts of the world are important for how the digital asset market will go.
While many leading asset companies in the world are starting to offer services for digital assets, it is a matter of curiosity what the wishes of the regulators will be at this point.
The Financial Stability Oversight Council, chaired by Treasury Secretary Janet Yellen, will meet on September 23 to work on its report on regulatory gaps and potential risks to digital assets.
The report by the US regulators group is the latest example of the Biden administration’s reflection on this issue, representing the first attempts at the approach of federal institutions to digital currencies.
The President’s Financial Markets Working Group, another treaty by multiple regulators led by the Treasury, recommended last fall that the FSOC be authorized over stablecoins if Congress fails to pass legislation governing them.
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