The Financial Stability Oversight Council on Monday reviewed a set of recommendations to strengthen oversight of stablecoins, which the Federal Reserve has likened to bank deposits and money market mutual funds, which are subject to substantial regulation.
- Staff briefed the council on a
report on stablecoins issued by the President’s Working Group on Financial Markets; the council discussed the report’s recommendations -- including congressional action and interim moves by federal agencies - Treasury staff made a presentation to executive session of FSOC on work being done by the Inter-Agency Working Group on Treasury Market Surveillance
- The meeting was closed to the ...
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