Fed Director Michael Hsu to Succeed Brian Brooks at OCC
Hsu was part of the Fed's bank supervision division. Brooks, now CEO of Binance.US, pushed crypto-friendly rules while in D.C.
The Treasury Department didn't lay out a timeline for when it will publish its recommendations on stablecoin regulation.
Federal Reserve Chairman Jerome Powell, Securities and Exchange Commission Chair Gary Gensler and Commodity Futures Trading Commission Acting Chair Rostin Behnam will also participate in Monday's meeting.
Regulatory authorities are talking about stablecoins more and more, but it remains to be seen what they’ll actually implement.
"I would prioritize implementing pieces" of a new AML law around crypto, Treasury Department nominee Brian Nelson said.
Yellen's rate-hike comments and lingering China regulatory concerns dominate market sentiment.