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Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency. Original Source
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Michael Hsu, who runs the U.S. Office of the Comptroller of the Currency, said the recent fiery collapse of TerraUSD (UST) and the wider drama that came with it should serve as a “wake-up call” to the industry, which he argued has grown too fast. Source
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Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu.Speaking at an event on Thursday, Hsu – the acting comptroller of the Office of the Comptroller of the Currency (OCC) – told attendees that increased regulations for the stablecoin industry
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The cryptocurrency industry thrives on constant, ever-evolving innovation. But when it comes to stablecoin development, “that is not what you want,” according to Acting Comptroller of the Currency Michael Hsu.In an interview with CryptoX TV Monday, Hsu, who is the administrator of the U.S. federal banking system and CEO of
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