Thursday June 26, 2025

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

US Banking Regulator Calls for Stronger Oversight of Crypto Risks

by Kevin Helms September 5, 2024 1 min read

(Originally posted on : Bitcoin News )

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. […]

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