The US GAO has urged the FDIC to coordinate with other federal agencies to address risks from blockchain technology, which it has placed on its "High Risk List" due to regulatory struggles.
The US Government Accountability Office (GAO) has urged the Federal Deposit Insurance Corporation (FDIC) to establish a coordination mechanism with other federal agencies to address the risks posed by blockchain technology. The GAO highlighted that regulators have struggled to oversee blockchain-based financial products, which have grown substantially.
The Government Accountability Office, at the best of Congress, will investigate the Department of Justice's handling of the Epstein files.
