Acting Comptroller Michael J. Hsu acknowledged crypto's growing mainstream status and calls for collaboration to reduce investor risks.
The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to better understand the risks within the growing $2 trillion cryptocurrency market.
According to Hsu, the Office of the Comptroller of the Currency reminded banks to demonstrate capability before getting federal permission to engage in crypto activities.
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