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Though the Office of the Comptroller of the Currency (OCC) has been looking into the crypto industry since at least 2018, this is the first time crypto has been included in the regulator’s annual operating plan.
In testimony before the Senate Banking Committee, Michael Hsu said some past crypto initiatives had not been done “in coordination with all stakeholders.”
As Donald Trump’s national bank regulator, Brooks met with a wide range of crypto market participants, from Fortune 500 execs to DeFi protocol founders, documents show.