US Government Accountability Office urges FDIC to improve crypto oversight coordination

GAO urged the FDIC to coordinate with federal regulators on blockchain risks as stablecoin and crypto market rules move forward.

The US Government Accountability Office says that regulators, including the FDIC, lack an “ongoing coordination mechanism for addressing blockchain risks.”

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Artificial intelligence is restructuring how financial institutions manage risk, how insurance reaches the businesses that need it, and how compliance teams stay ahead of regulators without burning out their people. The companies doing it most consequentially are not building digital wrappers around manual processes; they are replacing the underlying logic of how credit gets underwritten, […]

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P2P.org, which secures more than $10 billion in delegated assets across over 50 blockchain networks, has partnered with Taurus to bring institutional staking services to banks and financial institutions using Taurus’ digital asset platform. According to a press release shared…