Which regulatory body was created by Dodd Frank to oversee digital currency transactions?

3 answers

• Majd SassiOct 06, 2021 · 4 years ago
  The regulatory body created by Dodd Frank to oversee digital currency transactions is the Financial Stability Oversight Council (FSOC). FSOC is responsible for identifying risks and responding to emerging threats to the stability of the United States financial system. In the context of digital currencies, FSOC monitors and assesses the potential risks posed by these currencies to the financial system, and develops policies and regulations to mitigate those risks. By overseeing digital currency transactions, FSOC aims to ensure the stability and integrity of the financial system while promoting innovation in the digital currency space.
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• Lindegaard DonahueAug 19, 2024 · a year ago
  The regulatory body established by Dodd Frank to oversee digital currency transactions is the Financial Stability Oversight Council (FSOC). FSOC is a federal agency composed of representatives from various financial regulatory agencies, including the Federal Reserve, the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Its role is to identify and respond to risks to the stability of the United States financial system. In the context of digital currencies, FSOC monitors and assesses the potential risks posed by these currencies to the financial system, and works to develop appropriate regulations and policies to address those risks.
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• Julianne FarlowJan 10, 2025 · 6 months ago
  The Financial Stability Oversight Council (FSOC) was created by Dodd Frank to oversee digital currency transactions. FSOC is responsible for monitoring and assessing the potential risks posed by digital currencies to the stability of the United States financial system. It works closely with other regulatory agencies to develop and implement regulations and policies to mitigate those risks. FSOC's role is to ensure the stability and integrity of the financial system while fostering innovation in the digital currency space. As a regulatory body, FSOC plays a crucial role in overseeing digital currency transactions and promoting a safe and secure environment for participants in the digital currency market.
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