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U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight

The chief of the Office of the Comptroller of the Currency equated the FTX collapse with a well-known 1990s bank failure in arguing for consolidated industry regulators.

Acting OCC Chief Michael Hsu (Jesse Hamilton/CoinDesk)
Acting OCC Chief Michael Hsu (Jesse Hamilton/CoinDesk)