FSB Adds Non-Financial Leverage to Worry List

FSB Chair Klaas Knot discussed financial stability risks, reiterating that the FSB is monitoring potential CRE spillovers and that Switzerland should strengthen its TBTF framework.

Warren, Marshall Keep Pressure On for Crypto-AML/Sanction Rewrite

Working to ensure that their crypto-AML bill is included in the final version of House stablecoin legislation now being drafted, Sens. Warren (D-MA) and Marshall (R-KS) sent a letter to the White House, Treasury, DoD, and FinCEN reiterating concerns that foreign adversaries are relying on cryptocurrency to evade U.S. sanctions.