The acting Comptroller of the Currency, Michael Hsu has made supportive comments about tokenization. He made the observations when announcing a 2024 symposium on the topic.
Hsu is a crypto skeptic who slowed down some of the stablecoin rule relaxations that his predecessor made for banks.
“There is an emerging divide between crypto and the tokenization of real-world assets and liabilities,” said Acting Comptroller Michael J. Hsu. “Crypto remains driven by the promise of speculative gains, continues to be marked by rampant scams, fraud, and hacks, and struggles to comply with anti-money laundering rules.”
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