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FSOC Annual Report Warns About Stablecoins and the DeFi Market

The Financial Stability Oversight Council (FSOC) still awaits the U.S. Congress’s action on cryptocurrency, and in particular, stablecoins, before it decides if it should take any action. Although FSOC was unsure whether it would take specific crypto-related actions or not, their annual report highlights the concerns regulators have regarding stablecoins, and the wider cryptocurrency market.  […]