US Acting Comptroller urges not to rush with the crypto regulation

Michael J. Hsu called for tighter interagency efforts and highlighted the three most dangerous areas of the new industry.

Acting Comptroller of the Currency Michael J. Hsu urged his fellow regulators not to lower their standards when dealing with crypto under the pressure of “being perceived as anti-innovation luddite.” According to the OCC, it’s necessary to “learn and smartly adapt” to ensure safety, soundness, and fairness regarding the industry. 

Hsu made his remarks on crypto during his speech at the Harvard Law School on Oct. 11. The full text of the speech w

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