US government regulatory agencies urge Federal Deposit Insurance Corporation to coordinate cryptocurrency regulation Odaily Planet Daily News: The US Government Accountability Office (GAO) sent a letter to Travis Hill, Chairman of the Federal Deposit Insurance Corporation, on June 8th. The letter pointed out that blockchain related financial products and services have seen significant growth, and blockchain technology has been included in the high-risk list. America. GAO suggests establishing relevant coordination mechanisms to assist regulatory agencies such as the Federal Deposit Insurance Corporation in identifying risks and implementing regulatory responses in a timely manner. In addition, according to the GENIUS Act passed last year, the Federal Deposit Insurance Corporation is its primary regulatory agency for supervising stablecoin issuers' subsidiaries under its banks. America. GAO also recommends that the Federal Deposit Insurance Corporation rotate the allocation of case managers to banks to reduce threats to independence. The collapse of three banks related to the cryptocurrency industry in 2023 has raised questions about whether regulatory agencies have taken sufficient action.