Acting OCC Chief Michael Hsu on Regulating Stablecoins After Terra ‘Contagion’
Acting Comptroller of the Currency Michael Hsu discusses his take on the rise and fall of Terra’s “hype-driven economy,” its “contagion” to Tether (USDT) and the broader crypto ecosystem, and why he doesn’t think he would regulate algorithmic stablecoins.
OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’
The acting head of the U.S. Office of the Comptroller of the Currency has worked to limit banks’ involvement in cryptocurrencies.
Stablecoins Need to Set a Common Standard, Says US Banking Watchdog
The acting OCC chief says stablecoins aren’t ”interoperable” and that should change.
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
Trust company Anchor Digital was cited recently by the Office of the Comptroller of the Currency (OCC) for failing to properly incorporate an anti-money laundering procedure in 2021. CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De discusses how the firm will comply with the Bank Secrecy Act moving forward.
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
The company must appoint a compliance committee and hire a Bank Secrecy Act officer.
Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator
Obama-era Treasury veteran Michael Barr must still win a difficult Senate confirmation.
Top US Bank Watchdog Warns of Stablecoins' 'Lack of Interoperability'
The OCC's acting chief argues the variation across tokens could create walled gardens.
Wall Street Watchdog Cautions Banks on Trading Crypto Derivatives
OCC Acting Comptroller Michael Hsu said he's working with global regulators to find "a consistent, careful and cautious approach to bank involvement in crypto."
Protego Trust Beefs Up Board by Adding Brian Brooks and Michael Carpenter
The new appointments deepen the digital bank’s expertise in digital assets, regulatory compliance and bank operations as it hopes to become a federally chartered national bank.