Michael Hsu, Acting Comptroller of the Currency at the OCC should be applauded for laying bare the risks on the horizon That could Bring Down The DEFi ecosystem
WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today discussed blockchain, cryptocurrencies, decentralized finance, and key lessons from the 2008 financial crisis that should guide the future of digital innovation during remarks before the Blockchain Association.
His comments highlighted similarities between the current growth in the digital asset space and the rise in credit default swaps in the early 2000s, and the importance of purposeful innovation.
Click on the attachment to read the entire speech.
Culvem 