The U.S. Financial Stability Board viewed cryptocurrencies as a threat.

Important Decision from the U.S. Financial Stability Council

The Financial Stability Oversight Council, as the highest authority overseeing financial risks in the U.S., has lifted the designation of cryptocurrencies (and many other elements) as potential threats to the overall financial system.

Treasury Secretary Scott Bessent argued in the council's annual report that the institution's role in ensuring financial stability is best fulfilled by focusing on economic growth. This situation is considered a positive development for investors.