CHIEF FEDERAL BANKING REGULATOR MICHAEL HSU, THE ACTING COMPTROLLER OF THE CURRENCY, IS “CAREFUL AND CAUTIOUS” ON CRYPTO — Michael Hsu: “Last year, the OCC adopted a “careful and cautious” approach to crypto activities by national banks. This helped mitigate the risk of contagion from crypto to the banking system. Years of reform and rebuilding after the 2008 financial crisis have strengthened the banking system, making it more resilient, more fair, and more trustworthy. While continued improvements need to be made, this has proven valuable with the rapid rise and fall of crypto this past year.”
Story here: https://www.pymnts.com/cryptocurrency/2022/occ-head-hsu-praises-careful-cautious-approach-crypto/