FSOC Downplays Digital Asset Risks in 2025 Report as Google Unveils Experimental AI-Powered Browser
The U.S. Financial Stability Oversight Council (FSOC) released its 2025 annual report with a notable shift in tone regarding digital assets. The report removes references to "vulnerabilities" in financial risks associated with digital assets and does not include new recommendations or explicit warnings about crypto risks. Instead, it references the President's Working Group report and emphasizes enabling innovation and U.S. leadership in this sector. Treasury Secretary Scott Bessent highlighted that monitoring and addressing vulnerabilities alone is insufficient; growth and security alongside risk awareness are also key. While the report acknowledges that stablecoins could be used for illicit transactions, it maintains that USD-denominated stablecoins are expected to support the U.S. dollar's international role over the next decade. FSOC, established after the 2008 financial crisis, serves as an early-warning body for systemic financial risks.
In a separate development, Google announced Disco, an experimental browser under Google Labs for macOS, commencing a limited rollout via a waitlist starting December 11, 2025. Disco aims to combat tab fatigue by using Gemini 3 AI to transform clusters of open tabs into customized interactive apps through a feature called GenTabs. This approach creates unified dashboards such as itineraries or budgets that can pull live data from underlying sites, enabling actions like booking directly from the app. Gemini 3 also includes a Deep Think reasoning mode designed to enhance handling multi-step tasks with greater accuracy. Positioned as a sandbox to explore radical user interface changes without altering the main Chrome experience, Disco may influence future web interactions and traditional website traffic. Given Chrome's dominance of roughly two-thirds of the global browser market, Google indicated that successful features like GenTabs could eventually be integrated into Chrome itself, focusing on building practical tools rather than merely summarizing pages.
