4 Congress should take action to provide a strong federal framework for prudential oversight, and regulators must also use existing authorities. Recognizing the Risks of Tokenizing Bank Liabilities We are seeing banks explore a variety of different models to issue dollar-denominated tokens on distributed ledger networks.
For sustainability of the corporate governance initiative, achieving synergy among seeming ironies is the challenge. Self-interest toward the greater good, Competition toward cooperation, Partnerships between regulators and the regulated, Unity in diversity, Consistency amidst change. In addressing these seeming ironies, balance is key. Balance in choosing a firm regulatory stance, while respecting and giving a wide berth to what motivates PLCs and individual firms.