<p><span>The Financial Stability Oversight Council (Council) today released its </span><span>Report on</span><span> </span><span>Digital Asset Financial Stability Risks and Regulation</span><span>. In March 2022, the Secretary of the Treasury convened the Council to produce the report in response to Section 6 of President Biden’s Executive Order 14067 on “Ensuring Responsible Development of Digital Assets.” The report reviews the specific financial stability risks and regulatory gaps posed by various types of digital assets and provides recommendations to address such risks. </span></p>
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