PANews reported on December 7 that Cryptoslate reported that according to the Financial Stability Oversight Committee (FSOC) 2024 annual report , the committee is concerned that stablecoins pose an increasing risk to financial stability due to insufficient regulation and high market concentration. The report calls for urgent legislative action to establish a comprehensive federal framework for stablecoin issuers to mitigate the risks posed by their rapid growth and limited transparency. It also calls for stricter regulation of the broader crypto market as it increasingly integrates with the traditional financial system and continues to be adopted by institutions.