A Backdoor Regulatory Option Haunts U.S. Crypto
Submitted by Anonymous (not verified) on Mon, 01/29/2024 - 15:50
After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that saddle them with tremendous new restrictions, and the crypto sector has the council's attention.