According to the Federal Deposit Insurance Corporation (FDIC) in its 2023 annual risk review, "crypto asset-related activities may bring novel and complex risks that are difficult to fully assess to the US banking system." The report pointed out some key risks, including fraud, legal ambiguity, misleading or inaccurate statements or disclosures, immature risk management practices, and platform vulnerabilities. FDIC also stated that the interconnections within the crypto asset industry may bring contagion risks to banks with larger risk exposures. It is worth noting that the review emphasized the possibility of deposit outflows for banks holding stablecoin reserves due to stablecoin run risks. FDIC, together with other banking regulatory agencies, recommends further monitoring and guidance measures to address these crypto asset risks.