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Acting US Comptroller Says OCC Crypto Review Has Concluded
Summary: At the start of his tenure, Acting Comptroller of the Currency Michael Hsu initiated a review into crypto-specific actions taken ahead of his installation. Hsu shared Wednesday that the review has concluded and the federal bank regulator will communicate determinations and feedback to bank charter applicants. In the past, Hsu has also harped on the ...
At the start of his tenure, Acting Comptroller of the Currency Michael Hsu initiated a review into crypto-specific actions taken ahead of his installation. Hsu shared Wednesday that the review has concluded and the federal bank regulator will communicate determinations and feedback to bank charter applicants.
In the past, Hsu has also harped on the issue of a lack of coordinated effort across agencies to clarify rules of the road and regulate crypto firms.
Hsu argued that "fragmented supervision" obscures the sometimes "excessive" risks that firms might take. He said that crypto firms and especially stablecoin issuers should embrace "comprehensive, consolidated supervision.
By Amy Liu
Tags: Crypto,Michael Hsu,OCC,review
Link: Acting US Comptroller Says OCC Crypto Review Has Concluded [Copy]
