The US Government Accountability Office urged the FDIC to strengthen blockchain oversight
The US Government Accountability Office (GAO) urged the Federal Deposit Insurance Corporation (FDIC) to establish ongoing coordination with other financial regulators on the risks of blockchain products.
In a letter dated June 8, the agency recalled that back in 2023 the authorities lacked a mechanism for jointly identifying such risks and preparing a timely response.
Source: ForkLog
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