In brief
- The FSOC has dropped many of its warnings on crypto and stablecoins in its latest annual report.
- It said the GENIUS Act provides a federal framework that brings stablecoins within regulations.
- Banks have been given clearer leave to engage in crypto-related activities.
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…
