PANews reported on December 12th that, according to CoinDesk, the cryptocurrency sector no longer needs to be mentioned in the Financial Stability Oversight Council's (FSOC) annual list of risks to the U.S. financial system. However, this is not an isolated case, as the report no longer focuses heavily on the "vulnerabilities" of the financial system. The 2025 FSOC report has completely removed the previously frequently used term "vulnerability" from its table of contents. In the opening letter of the report, Treasury Secretary Scott Bessent acknowledged that previous analyses focused on identifying dangers that could disrupt the financial system.
This 2025 report did not include any "recommendations" for digital assets, nor did it explicitly express concerns about the industry. Its digital asset section details how U.S. financial regulators with cryptocurrency oversight have changed their previous policy stances. The report largely praises the advantages of the digital asset space, but in the "Illicit Finance" sub-section, it notes that stablecoins could be "abused to facilitate illicit financial transactions." However, the report also states that "the continued use of dollar-denominated stablecoins over the next decade is expected to further solidify the dollar's position in the international financial system."

