Agency heads call for legislation granting greater authority to regulate crypto

By Zach Halaschak
Published October 3, 2022 8:31pm ET
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Agency heads call for legislation granting greater authority to regulate crypto
A collection of bitcoin, litecoin, and ethereum tokens. The Financial Stability Oversight Council, chaired by Treasury Secretary Steven Mnuchin, has set up a working group on cryptocurrencies. The group comprising top federal regulators would examine the potential for speculation on cryptocurrencies to hurt consumers and for the digital currencies to be used for illicit purposes.(Chris Ratcliffe/Bloomberg) | Chris Ratcliffe

The Financial Stability Oversight Council, which comprises the top federal financial regulators, recommended that Congress craft legislation to give them more authority to regulate cryptocurrencies in a new report on digital assets.

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Bitcoin Cryptocurrency House Oversight Committee Regulations