Yellen Says Threats of Crypto Are Growing

The transcript discusses the potential systemic risks posed by the rapidly growing cryptocurrency sector, particularly focusing on stablecoins. It highlights the analysis by the Financial Stability Oversight Council (FSOC) and the need for a comprehensive regulatory framework to address these risks. The conversation also touches on the market cap of digital assets and the importance of monitoring their growth to prevent financial instability.

At what market cap does the speaker suggest the committee should start focusing on systemic risk?

What does the speaker suggest is necessary to address the risks associated with digital assets?