Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu.Speaking at an event on Thursday, Hsu – the acting comptroller of the Office of the Comptroller of the Currency (OCC) – told attendees that increased regulations for the stablecoin industry could also make innovations … [Read more...] about OCC Chief Hsu Says Regulation Could Boost Stablecoin Innovation
Hsu
‘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,” according to Acting Comptroller of the Currency Michael Hsu.In an interview with CoinDesk TV Monday, Hsu, who is the administrator of the U.S. federal banking system and CEO of the Office of the Comptroller of the Currency (OCC), … [Read more...] about ‘Too Much’ Innovation Is Dangerous With Stablecoins: OCC Chief Hsu