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Tag: Michael Hsu

Banking on the Future: OCC’s Roadmap through Risks and Regulations

The Office of the Comptroller of the Currency (OCC) has recently presented its Semiannual Risk Perspective for Fall 2023, delving into the critical challenges facing the federal...

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Senator Warren Wants the Fed to Answer for Banking Sector’s Ties to FTX

U.S. lawmakers have penned a letter pressing Federal Reserve Chairman Jerome Powell for information on American banks’ ties to crypto following the collapse of...

Banking-as-a-Service Evolves (Federico Baradello)

The verdict is in: the paradigm-shifting Banking-as-a-Service (BaaS) evolution over the past several years is reshaping traditional banking. But in the midst of developments...

‘Snow Job’: The Plot to Hand the Crypto Industry to the Big Banks

The Biden Administration's secret crypto strategy is becoming clear: it wants to force stablecoin issuers into the arms of big banking.

SoFi rises after regulator approves U.S. bank charter

SoFi Technologies Inc., the financial firm led by former Twitter Inc. executive Anthony Noto, surged after the Office of the Comptroller of the Currency granted it a U.S. banking charter. The online lending platform acquired Golden Pacific Bank as a path to getting the full-fledged banking license, the regulator said in a statement on Tuesday. […]

OCC Chief: Bank Regulation Can Put ‘Stable’ in Stablecoins

Michael Hsu believes bank regulation of stablecoins would be good for the crypto industry—and the safety of the financial system.

Regulation Could Bolster Stablecoin Innovation – Acting OCC Chief

Acting comptroller of the Office of the Comptroller of the Currency (OCC), Michael Hsu has revealed that regulating stablecoin issuers like banks, could help innovations thrive in the crypto industry. Acting OCC Chief Speaks On The Need For Stablecoin Regulation The top U.S banking regulator revealed this during an event on Thursday, where he repeatedly

The post Regulation Could Bolster Stablecoin Innovation – Acting OCC Chief appeared first on CoinGape.

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