US Financial Stability Supervisory Board Urges Congress To Act On Crypto
According to the FSOC, problems at FTX "precipitated price declines in Bitcoin and other cryptoassets" but "had limited impact on the broader US financial system."
![The US Financial Stability Supervisory Board urges Congress to act on crypto](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/fff8bdd7-e27b-4488-8ddf-41d1adb0830a.jpg)
![US Financial Stability Supervisory Board Urges Congress To Act On Crypto](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTIvZmZmOGJkZDctZTI3Yi00NDg4LThkZGYtNDFkMWFkYjA4MzBhLmpwZw==.jpg?#)
According to the FSOC, problems at FTX "precipitated price declines in Bitcoin and other cryptoassets" but "had limited impact on the broader US financial system."
![The US Financial Stability Supervisory Board urges Congress to act on crypto](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2022-12/fff8bdd7-e27b-4488-8ddf-41d1adb0830a.jpg)
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