Acting Comptroller Discusses Crypto and the Regulatory Perimeter

News Release 2022-126 | October 11, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed cryptocurrency and the regulatory perimeter in remarks to the Harvard Law School and Program on International Financial Systems’ Roundtable on Institutional Investors and Crypto Assets. Mr. Hsu’s comments discussed the need to clarify supervisory expectations related […]

Acting Comptroller Discusses Identifying Crypto Risks

News Release 2022-125 | October 11, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of identifying and monitoring crypto risks to protect consumers and the financial system in remarks at DC Fintech Week 2022. His comments included discussion of skeuomorphisms, commingling, and data gaps to help risk identification. […]

Acting Comptroller of the Currency Issues Statement on FSOC’s Report on Digital Asset Financial Stability Risks and Regulation

News Release 2022-123 | October 3, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today released the following statement in support of the Financial Stability Oversight Council’s (FSOC) Report on Digital Asset Financial Stability Risks and Regulation. I would like to start by thanking Secretary Yellen, the member agencies, and all the […]

Acting Comptroller Discusses Vulnerabilities, Volatility with Cryptocurrency

News Release 2022-60 | May 24, 2022 Share This Page: WASHINGTON — Acting Comptroller of the Currency Michael J. Hsu today discussed vulnerabilities in the cryptocurrency framework and recent volatility with stablecoins in remarks at the DC Blockchain Summit 2022. In his remarks, the Acting Comptroller discussed the fragemented ecosystem of cryptocurrency, risk of contagion, and […]

Acting Comptroller Issues Statement on Standards for Stablecoins

News Release 2022-43 | April 27, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu issued the following statement after his appearance today at the Artificial Intelligence and the Economy: Charting a Path for Responsible and Inclusive AI symposium hosted by the U.S. Department of Commerce, National Institute of Standards and Technology (NIST), […]

Acting Comptroller Discusses Architecture of Stablecoins

News Release 2022-37 | April 8, 2022 Share This Page: WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed stablecoins at the Institute of International Economic Law at Georgetown University Law Center. In his remarks, Acting Comptroller Hsu discussed the architecture of a U.S. dollar-based stablecoin system, and policy considerations regarding stablecoin stability, interoperability and […]