Acting Comptroller of the Currency Michael J. Hsu prioritized "restoring public trust in the federal banking system" after the liquidity crisis, consequent market disruptions and bank failures early in the calendar year.
News & Insights
The OCC Acting Deputy for the Office of Financial Technology Donna Murphy testified on the agency's "analysis and evaluation of financial technology innovations, trends, emerging risks, and implications for OCC’s supervised banks."
In testimony before the House Financial Services Committee, Federal Reserve Board Director, Division of Supervision and Regulation Michael S. Gibson described the FRB's approach to the supervision and regulation of innovation.
CFTC Commissioner Kristin N. Johnson called for improved corporate governance and comprehensive regulation for the crypto markets.
The DOJ, OFAC, FinCEN and the CFTC settled enforcement actions against Binance, its CEO and former CCO. The coordinated settlements addressed charges against the digital asset exchange for CFTC registration failures and for violations of the Bank Secrecy Act and International Emergency Economic Powers Act sanctions programs.