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Michael J. Hsu recommended tighter interagency efforts and identified the three most risky aspects of the new industry.
Acting Comptroller of the Currency Michael J. Hsu warned his fellow regulators not to reduce their standards while dealing with cryptocurrency for fear of being viewed as “anti-innovation Luddites.” According to the OCC, it is vital to “learn and smartly adjust” to maintain the industry’s safety, integrity, and balance.
Hsu mentioned crypto in his Oct. 11 speech at Harvard Law School. The complete text of the speech was made available on the official website of the OCC.