Golden Finance reported that U.S. Treasury Secretary Janet Yellen once again called for stricter regulation of crypto-assets and stablecoins, noting the need to address vulnerabilities in the financial system. Yellen highlighted the dual impact of digital asset innovation at the Financial Stability Oversight Council (FSOC) final meeting of the year. While it has brought benefits to the market, it has also brought significant risks such as cybersecurity threats and operational challenges. Yellen warned that the pace of digital asset innovation is outpacing existing regulatory frameworks. She urged the Financial Stability Oversight Council to prioritize federal policy for stablecoin holders and push for legislative measures to reduce risks associated with digital currencies.