Acting Comptroller Michael Hsu has emphasized the importance of proactive oversight in managing crypto risks. He cited the 2022 crypto market collapse, with a $2 trillion loss, where effective supervision kept banks stable. Hsu emphasized the need for vigilant supervision as digital assets and fintech increasingly integrate with traditional banking, presenting new challenges and risks. […]Regulation, Bank, banks, collapse, Crypto, Cryptocurrency, Digital Assets, Fintech, fintech firms, Innovation, market, michael hsu, Oversight, risk, Stability, supervisionRead More

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