In a podcast interview, OCC Comptroller Michael J. Hsu highlighted the importance of "inclusion" in the development of a regulatory framework for crypto activities.
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OCC Comptroller Michael J. Hsu considered alternative paths to the regulation of stablecoins through "the lens of stability, interoperability and separability."
The Federal Reserve Board, FDIC and OCC offered a roadmap to clarify the regulation of activities involving crypto-assets.
The OCC clarified that banks may serve as participants in Independent Node Verification Networks and use related stablecoin transactions to conduct payment activities.
In a joint statement, the FRB and the OCC said they will not recommend enforcement action against swap dealers that are parties to certain legacy swaps in connection with the UK's departure from the EU.