Rules & Rulings & ESG

REGULATION, LEGISLATION, AND THE COURTS

ACTING COMPTROLLER MICHAEL J. HSU recently spoke on the topic of stablecoins, which are cryptocurrencies with values tied to fiat currencies or other assets. Most recently, he issued a statement dated April 27, 2022, in support of the development of standards for stablecoins. He noted that stablecoins are not interoperable, meaning they cannot operate across platforms, because they lack shared standards. The Acting Comptrolle…