| Consumer Financial Protection Bureau |
The Director of the Consumer Financial Protection Bureau should jointly establish or adapt an existing formal coordination mechanism with CFTC, FDIC, the Federal Reserve, NCUA, OCC, and SEC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 1) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Commodity Futures Trading Commission |
The Chairman of the Commodity Futures Trading Commission should jointly establish or adapt an existing formal coordination mechanism with CFPB, FDIC, the Federal Reserve, NCUA, OCC, and SEC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 2) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Federal Deposit Insurance Corporation |
The Chairman of the Federal Deposit Insurance Corporation should jointly establish or adapt an existing formal coordination mechanism with CFPB, CFTC, the Federal Reserve, NCUA, OCC, and SEC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 3) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Federal Reserve System |
The Chair of the Board of Governors of the Federal Reserve System should jointly establish or adapt an existing formal coordination mechanism with CFPB, CFTC, FDIC, NCUA, OCC, and SEC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 4) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| National Credit Union Administration |
The Chairman of the National Credit Union Administration should jointly establish or adapt an existing formal coordination mechanism with CFPB, CFTC, FDIC, the Federal Reserve, OCC, and SEC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 5) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| Office of the Comptroller of the Currency |
The Comptroller of the Currency should jointly establish or adapt an existing formal coordination mechanism with CFPB, CFTC, FDIC, the Federal Reserve, NCUA, and SEC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 6) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
|
| United States Securities and Exchange Commission |
The Chairman of the Securities and Exchange Commission should jointly establish or adapt an existing formal coordination mechanism with CFPB, CFTC, FDIC, the Federal Reserve, NCUA, and OCC for collectively identifying risks posed by blockchain-related products and services and formulating a timely regulatory response. To facilitate these objectives, this mechanism could include formal planning documents that establish the frequency of meetings and processes for identifying risks and responding to them within agreed-upon time frames. (Recommendation 7) |
Open
<label class=”status-code-label”>Open</label><p class=”status-code-description”><p> Actions to satisfy the intent of the recommendation have not been taken or are being planned.</p></p>
When we confirm what actions the agency has taken in response to this recommendation, we will provide updated information.
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