A Backdoor Regulatory Option Haunts U.S. Crypto

A Backdoor Regulatory Option Haunts U.S. Crypto

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.

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