Hsu: Crypto Demands Consolidated, Bank-Like Supervision
Echoing the call for consolidated stablecoin regulation in the new PWG report (see FSM Report CRYPTO21), Acting Comptroller Hsu late yesterday argued that “universal” crypto firms need comprehensive, consolidated supervision.

Global Comp-Reform Effort Peters Out
The FSB today updated progress on implementation of its principles for sound compensation practices (see FSM Report COMPENSATION21), reporting that implementation by banks is more advanced than insurers and asset managers.

Treasury Fires Crypto Compliance Warning Shots
Deputy Treasury Secretary Wally Adeyemo today addressed the growing role of digital assets in ransomware and its threat to the payment system. Detailing an array of public-private partnerships, he stated that Treasury will continue to advise the industry ations and the research frontier