Acting Comptroller of the Currency Michael Hsu spoke to a Washington, D.C.-based group of economic and financial policy professionals. Hsu said it is necessary for regulators to “ensure that crypto/decentralized finance activities that take place within the banking system or are facilitated by banks are trustworthy” The American Bankers Association wrote to the Basel Committee on Banking Supervision regarding “supervised financial institutions involvement in the crypto asset market” and “rational supervision” Hsu cautioned federal regulators against becoming too siloed and thus “complacent””]
Source: https://www.databreachtoday.com/occs-hsu-addresses-need-for-cryptocurrency-oversight-a-17557