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OCC
U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody
Rep. Patrick McHenry, chairman of the House Financial Services Committee, and Sen. Cynthia Lummis teamed up on a letter questioning regulators about crypto accounting policy.
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.
US Banking Regulators Warn Banks About Crypto Liquidity Risks
The Federal Reserve and other agencies issued another statement about crypto market vulnerabilities as a threat to U.S. banking.
US Watchdog Says Banks Shying Away From Stumbling Crypto Industry
The OCC chief says lenders seem to be backing away from the industry’s recent dramas, and a new report from his regulatory agency criticizes the sector for "weak," risky practices.
OCC Comptroller: Crypto Companies ‘Don’t Know What They Want to Be When They Grow Up’
Michael Hsu joined “First Mover” to discuss why crypto companies need to provide more clarity on what they offer and be in less of a rush to expand without a “strong foundation.”
OCC's Hsu: Crypto Projects 'Don't Know What They Want to Be When They Grow Up'
"I think a lot of the unclarity is coming from the industry," says acting Comptroller of the Currency Michael Hsu. He explains that many crypto projects market their products using traditional finance concepts. "Part of the confusion is ... they want to be a little bit of everything to everyone."
What if Celsius Was Regulated Like a Bank? Here's What OCC's Michael Hsu Says
"The way Celsius was organized is they commingled a lot of different activities," says Acting Comptroller of the Currency Michael Hsu. He discusses the alternative outcome had the crypto lender been regulated like a bank.
OCC Chief Hsu on US Crypto Regulation Outlook
OCC Acting Comptroller of the Currency Michael Hsu shares insights into the agency's role in tackling the crypto industry's biggest regulatory challenges, and what this means for existing banking regulations. Plus, his take on Celsius' implosion.
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
The deal will enable Nexo to open bank accounts with Summit National Bank, as well as enhancing its other products.
Digital Asset-Focused Bank Protego Trust Names Ron Totaro as CEO
Protego added Bitfury’s CEO to its board of directors in February.