Finance › Speeches › Gary Gensler

Statement on Financial Stability Oversight Council’s Report on Digital Asset Financial Stability Risks and Regulation Before the Financial Stability Oversight Council Open Meeting

· Gary Gensler, Chair of the U.S. Securities and Exchange Commission (United States)

Summary written by Dark Majestic in its own words · topics: financial stability, payments, digital money and crypto-assets, technology, ai and cyber risk

GG
· Gary Gensler Wiki · U.S. Securities and Exchange Commission WikiStatement on Financial Stability Oversight Council’s Report on Digital Asset Financial Stability Risks and Regulation Before the Financial Stability Oversight Council Open Meeting

ContextSpeech by Gary Gensler, Chair of the U.S. Securities and Exchange Commission.

Why it mattersGensler wants market regulators to keep authority over stablecoin conduct.

Problems raised
  1. Crypto investors lack time-tested protections.
  2. The playing field is not fair.
  3. Stablecoin oversight is unclear.
Solutions proposed
  1. Work with market participants on compliance.
  2. Keep market regulators' conduct authority.
  3. Coordinate with bank regulators on stablecoins.
Read full speech on sec.gov ↗

More from Gary Gensler · U.S. Securities and Exchange Commission · all speeches

More speeches by Gary Gensler

Other leaders on financial stability