The FSOC’s removal of crypto from its systemic risk list follows Trump’s GENIUS Act, regulatory changes at the SEC and OCC, and increasing ETF and stablecoin adoption by U.S. banks.
The Financial Stability Oversight Council (FSOC) has officially removed digital assets from its systemic risk list, marking a significant regulatory shift. The move follows U.S. President Donald Trump’s pro‑crypto GENIUS Act, recent alignment of the SEC and OCC toward digital asset adoption, and expanded use of Bitcoin ETFs and stablecoins by U.S. banks. The FSOC now favors targeted oversight over treating the entire sector as a generalized threat, reflecting evolving institutional integration and regulatory posture.