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FSOC warns stablecoins pose stability risks, calls for legislative action to enhance oversight – TON BOT

TON BOT

FSOC warns stablecoins pose stability risks, calls for legislative action to enhance oversight

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The Financial Stability Oversight Council (FSOC) expressed concerns in its 2024 annual report about stablecoins posing a risk to financial stability due to lack of oversight and market concentration. Urgent legislative action is recommended to create a federal framework for stablecoin issuers, with stricter oversight of the wider crypto market also advised.

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