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CDCROP: Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021 on Capitol Hill in Washington, DC (Alex Wong/Getty Images)
OCC Comptroller: Crypto Companies ‘Don’t Know What They Want to Be When They Grow Up’
Michael Hsu joined “First Mover” to discuss why crypto companies need to provide more clarity on what they offer and be in less of a rush to expand without a “strong foundation.”
CDCROP: Acting Comptroller of the Currency Michael Hsu testify during a hearing before Senate Banking, Housing and Urban Affairs Committee at Dirksen Senate Office Building August 3, 2021 on Capitol Hill in Washington, DC (Alex Wong/Getty Images)

CDCROP: Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)
Crypto Lender Nexo Acquires Minority Stake in OCC-Regulated Summit National Bank
The deal will enable Nexo to open bank accounts with Summit National Bank, as well as enhancing its other products.
CDCROP: Antoni Trenchev Co-Founder Nexo (Shutterstock/Coindesk)

CDCROP: Protego Trust Bank CEO Ron Totaro (Protego Bank)
Digital Asset-Focused Bank Protego Trust Names Ron Totaro as CEO
Protego added Bitfury’s CEO to its board of directors in February.
CDCROP: Protego Trust Bank CEO Ron Totaro (Protego Bank)

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)
US Bank Watchdog Says He’s Not Budging on Crypto Distrust
Michael Hsu, acting chief of the Office of the Comptroller of the Currency, is sticking to his guns on keeping most crypto activity out of the U.S. banking system.
Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

Democratic Presidential Candidates Participate In Presidential Primary Debate In Des Moines, Iowa
US Senators Warren, Sanders Ask Key Bank Regulator to Rescind Crypto Guidance
The lawmakers also asked a series of questions about how many banks are currently involved in crypto.
Democratic Presidential Candidates Participate In Presidential Primary Debate In Des Moines, Iowa

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)
US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach
Acting Comptroller of the Currency Michael Hsu says the industry’s recent drama makes his agency more confident about limiting banks’ exposure to crypto.
Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

(Yuichiro Chino/Getty Images, modified by CoinDesk)
OCC: ‘No Contagion’ Post-Terra Collapse
A surprisingly measured set of comments from Acting Comptroller Michael Hsu.
(Yuichiro Chino/Getty Images, modified by CoinDesk)

Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)
OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’
The acting head of the U.S. Office of the Comptroller of the Currency has worked to limit banks’ involvement in cryptocurrencies.
Acting OCC chief Michael Hsu (Jesse Hamilton for CoinDesk)

DO NOT USE: Michael Hsu, acting Comptroller of the Currency, advocates a new standard-setting effort for stablecoins. (Al Drago/Bloomberg via Getty Images)
Stablecoins Need to Set a Common Standard, Says US Banking Watchdog
The acting OCC chief says stablecoins aren’t ”interoperable” and that should change.
DO NOT USE: Michael Hsu, acting Comptroller of the Currency, advocates a new standard-setting effort for stablecoins. (Al Drago/Bloomberg via Getty Images)

Anchorage, Nathan McCauley
OCC Finds Anchorage Digital Failed to Maintain Proper AML Rules
The company must appoint a compliance committee and hire a Bank Secrecy Act officer.
Anchorage, Nathan McCauley