Financial Stability Oversight Council Softens Crypto Stance in 2025 Report
The Financial Stability Oversight Council’s (FSOC) 2025 annual report, released last week, has taken a significantly softer approach to crypto assets than previous editions following years of warning that digital assets posed systemic risks to financial stability.
The 2025 report adopts a more measured tone, reflecting regulatory changes that have brought parts of the industry under federal supervision and a shift in political attitudes to crypto brought about by President Trump’s embrace of the industry. Earlier FSOC reports focused heavily on the potential for contagion from crypto markets, highlighting run risks in stablecoins, weak governance at crypto firms and the threat of illicit finance.
“The Council recommends…
