Michael Hsu
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.
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."
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Hsu isn't the first watchdog to call for imposing bank-like regulations on stablecoin issuers.
2021: The Year of Crypto Policy and Regulations
From the U.S. infrastructure bill to multiple Capitol Hill hearings on stablecoins, from Turkey banning crypto transactions to China banning crypto mining to India dabbling with tighter regulation, 2021 was a defining regulatory year for the industry.
OCC Highlights Digital Assets in Risk Report for Banks
“The OCC is approaching crypto-related activities ... very carefully,” the OCC’s semiannual risk report says.
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The letter comes as the OCC gears up for further digital asset regulation alongside other bank regulators.
‘Too Much’ Innovation Is Dangerous With Stablecoins: OCC Chief Hsu
“There is some risk that folks who are least able to bear it lose their money,” the acting comptroller of the currency warned on CoinDesk TV Monday.
Acting Comptroller of the Currency Michael Hsu on Stablecoin Risks, Innovation, Regulation
Acting Comptroller of the Currency Michael Hsu breaks down the President’s Working Group on Financial Markets' (PWG) long-anticipated stablecoin report published last week, which proposes rigorous new oversight of stablecoin backing. He shares insights into stablecoins' operational risks, financial and technological innovation, and potential regulatory approaches. Plus, his views on DeFi.
Acting OCC Chief Tells Senate Panel Crypto Custody Charter Is Under Review
In testimony before the Senate Banking Committee, Michael Hsu said some past crypto initiatives had not been done “in coordination with all stakeholders.”
Has the Biden Administration Lost the Plot on Crypto Regulation?
The White House and Congress have yet to offer policy clarity for the crypto industry. Their agenda isn't focused on innovation and growth.