OCC: ‘No Contagion’ Post-Terra Collapse
A surprisingly measured set of comments from Acting Comptroller Michael Hsu.
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May 25, 2022 at 10:01 p.m. UTC
May 25, 2022
OCC
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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 crypt...
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May 25, 2022 at 8:19 p.m. UTC
May 25, 2022
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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.
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May 24, 2022 at 9:15 p.m. UTC
May 24, 2022
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Stablecoins Need to Set a Common Standard, Says US Banking Watchdog
The acting OCC chief says stablecoins aren’t ”interoperable” and that should change.
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Apr 27, 2022 at 2:44 p.m. UTC
Apr 27, 2022
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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 i...
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Apr 22, 2022 at 3:34 p.m. UTC
Apr 22, 2022
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OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
The company must appoint a compliance committee and hire a Bank Secrecy Act officer.
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Apr 21, 2022 at 8:43 p.m. UTC
Apr 21, 2022
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Biden Nominates Former Ripple Adviser Barr as Top US Fed Regulator
Obama-era Treasury veteran Michael Barr must still win a difficult Senate confirmation.
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Apr 15, 2022 at 2:57 p.m. UTC
Apr 15, 2022
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Top US Bank Watchdog Warns of Stablecoins' 'Lack of Interoperability'
The OCC's acting chief argues the variation across tokens could create walled gardens.
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Apr 8, 2022 at 3:29 p.m. UTC
Apr 8, 2022
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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."
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Mar 31, 2022 at 8:41 p.m. UTC
Mar 31, 2022
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...
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Feb 15, 2022 at 8:35 p.m. UTC
Feb 15, 2022