U.S. Financial-Risk Watchdog, FSOC, Erased Digital Assets as a Potential Hazard
NegativeCryptocurrency
- The Financial Stability Oversight Council (FSOC) in the U.S. has ceased to issue warnings regarding the potential risks associated with digital assets, a significant shift from previous reports that highlighted vulnerabilities in the cryptocurrency market. This change reflects a broader trend under the Trump administration, which has been characterized by a more lenient regulatory stance towards cryptocurrencies.
- The decision to remove digital assets from the list of financial hazards may signal a shift in regulatory priorities, potentially benefiting cryptocurrency businesses and investors who have long sought clarity and support from federal agencies. This could lead to increased market activity and investment in the sector.
- This development occurs amidst ongoing scrutiny of Trump's connections to cryptocurrency ventures, with concerns raised by House Democrats about potential corruption. Additionally, the absence of cryptocurrency in Trump's national security strategy raises questions about the administration's commitment to addressing the growing significance of digital assets in the global economy.
— via World Pulse Now AI Editorial System
