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U.S. officials are discussing launching a formal review to determine whether Tether and other stablecoins threaten financial stability, a scrutiny that could lead to significantly increased scrutiny for a rapidly growing corner of the crypto market.
After weeks of deliberation, the The Treasury Department and other federal agencies are in the process of deciding whether or not to initiate a review by the Financial Stability Supervisory Board, said three people familiar with the matter who asked not to be named to comment on the issues. closed-door discussions. The FSOC has the power to view businesses or activities as a systemic threat to the financial system – a label that typically sets strict rules and aggressive oversight by regulators.
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