Michael Hsu

Policy

Regulations

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."

By Jesse Hamilton

Sponsored

Mar 31, 2022 at 8:41 p.m. UTC

Mar 31, 2022

regulationsMichael HsuOCCGoldman SachsbanksDerivatives

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Policy

Occ

OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation

Hsu isn't the first watchdog to call for imposing bank-like regulations on stablecoin issuers.

By Cheyenne Ligon

Sponsored

Jan 13, 2022 at 7:48 p.m. UTC

Jan 13, 2022

OCCMichael HsuStablecoinRegulation

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Video

Regulation

2021: The Year of Crypto Policy and Regulations

From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling with tighter regulation, 2021 was a defining regulatory year for the industry.

By CoinDesk Staff

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Dec 28, 2021 at 7:51 p.m. UTC

Dec 28, 2021

RegulationChinaHester PeircecdtvIndiaFM ClipCynthia LummisMichael HsuInfrastructure BillUS

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Policy

Occ

OCC Highlights Digital Assets in Risk Report for Banks

“The OCC is approaching crypto-related activities ... very carefully,” the OCC’s semiannual risk report says.

By Nikhilesh De

Sponsored

Dec 6, 2021 at 5:09 p.m. UTC

Dec 6, 2021

OCCBankMichael Hsu

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Policy

Regulations

OCC Wants Banks to Seek Permission Before Offering Crypto Services

The letter comes as the OCC gears up for further digital asset regulation alongside other bank regulators.

By Nikhilesh De

Sponsored

Nov 23, 2021 at 7:08 p.m. UTC

Nov 23, 2021

regulationsOCCMichael Hsu

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Finance

Stablecoins

‘Too Much’ Innovation Is Dangerous With Stablecoins: OCC Chief Hsu

“There is some risk that folks who are least able to bear it lose their money,” the acting comptroller of the currency warned on CoinDesk TV Monday.

By Helene Braun

Sponsored

Nov 8, 2021 at 6:14 p.m. UTC

Nov 8, 2021

StablecoinsRegulationMichael Hsu

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Video

Defi

Acting Comptroller of the Currency Michael Hsu on Stablecoin Risks, Innovation, Regulation

Acting Comptroller of the Currency Michael Hsu breaks down the President’s Working Group on Financial Markets’ (PWG) long-anticipated stablecoin report published last week, which proposes rigorous new oversight of stablecoin backing. He shares insights into stablecoins’ operational risks, financial and technological innovation, and potential regulatory approaches. Plus, his views on DeFi.

By CoinDesk Staff

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Nov 8, 2021 at 4:04 p.m. UTC

Nov 8, 2021

DeFicdtvFM ClipOffice of the Comptroller of the CurrencyMichael HsuPresident's Working Group on Financial MarketsPWGStablecoin

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Policy

Occ

Acting OCC Chief Tells Senate Panel Crypto Custody Charter Is Under Review

In testimony before the Senate Banking Committee, Michael Hsu said some past crypto initiatives had not been done “in coordination with all stakeholders.”

By Nate DiCamillo

Sponsored

Aug 3, 2021 at 2:53 p.m. UTC

Aug 3, 2021

OCCCrypto CustodyMichael Hsu

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Policy

Regulation

Has the Biden Administration Lost the Plot on Crypto Regulation?

The White House and Congress have yet to offer policy clarity for the crypto industry. Their agenda isn't focused on innovation and growth.

By Donna RedelOlta Andoni

Sponsored

Jul 1, 2021 at 12:21 p.m. UTC

Jul 1, 2021

RegulationSecurities and Exchange CommissionOCCOpinionGary GenslerMichael Hsu

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Video

Cdtv

Is the OCC About to Shake Up Its Digital Asset Guidance?

Acting Comptroller of the Currency Michael Hsu said he and his staff are looking at “everything” in the digital asset guidance issued under his predecessor, Brian Brooks. Andres Ricaurte of Mphasis thinks it’s too late to make any drastic changes, and that regulatory clarity will be beneficial to the crypto industry.

By CoinDesk Staff

Sponsored

Jun 3, 2021 at 8:22 p.m. UTC

Jun 3, 2021

cdtvaab clipOCCOffice of the Comptroller of the CurrencyMichael HsuMphasisAndres Ricaurte

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