Federal Regulators Are Needed for Crypto Oversight: U.S. GAO

Main U.S. monetary regulators – the Shopper Monetary Safety Bureau (CFPB), the Commodity Futures Buying and selling Fee (CFTC), the Federal Deposit Insurance coverage Company (FDIC), the Federal Reserve System, the Nationwide Credit score Union Administration (NCUA), the Workplace of the Comptroller of the Forex (OCC), and the Securities and Trade Fee (SEC) – ought to collectively set up or adapt an current formal coordination mechanism, the report says.