Tag: OCC
OCC Comptroller calls for federal collaboration with crypto intermediaries
The Acting Comptroller of the Currency, Michael J. Hsu, highlighted the need for collaboration and coordination with large crypto intermediaries to be [...]
OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu.Speaki [...]
OCC Nominee Omarova Withdraws From Bank Regulator Consideration
“As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable [...]
OCC Highlights Digital Assets in Risk Report for Banks
“This includes ensuring sufficient knowledge and expertise in the underlying products and services and processes to identify and address strategic, [...]
Democratic senators oppose President Biden’s OCC Omarova nomination
A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of [...]
OCC Wants Banks to Seek Permission Before Offering Crypto Services
The Office of the Comptroller of the Currency (OCC) wants banks to be very sure they can provide crypto services before they do so. The federal ban [...]
What Omarova for OCC Means
Although some of her views fall well outside of mainstream opinion, Omarova does represent an increasingly common view among regulators that crypto [...]
Saule Omarova, Biden’s O.C.C. Pick, Will Declare Support for Capitalism
When she faces a room full of United States senators — some of whom have suggested she is a communist — Saule Omarova, President Biden’s pick to le [...]
Biden’s O.C.C. pick declares her support for capitalism and community banks.
When she faces a room full of United States senators — some of whom have suggested she is a communist — Saule Omarova, President Biden’s pick to le [...]
Acting OCC head calls for consolidated supervision for crypto firms
Michael Hsu, the acting head of the United States Office of the Comptroller of the Currency, hopes to address gaps in supervision for companies dea [...]
‘Too Much’ Innovation Is Dangerous With Stablecoins: OCC Chief Hsu
The cryptocurrency industry thrives on constant, ever-evolving innovation, but when it comes to stablecoin development, “that is not what you want, [...]
In Defense of OCC Nominee Saule Omarova
Companies attempting to engage with customers in good faith, according to reasonable expectations, given laws on the books, have nothing to fear. T [...]
Senator pressures OCC nominee over missing Marxism thesis from Moscow Uni
Pat Toomey, a Republican member of the U.S. Senate Banking Committee, is attempting to pressure the nominee to head the Office of the Comptroller o [...]
Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion’
Resistance is mounting to U.S. President Joe Biden’s reported plans to tap a staunch banking and crypto critic to run the Office of the Comptroller [...]
Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC
While crypto has been mostly weathered past hacks, scams, and crashes, acting OCC head Michael Hsu warns [...]