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Senator Warren Slams Citibank’s Ongoing Failures — Suggests Breaking up Citi
5.10.2024
Senator Elizabeth Warren has called for bold action from regulators, urging the acting head of the Office of the Comptroller of the Currency (OCC) to address Citibank’s persistent operational failures. Warren stated that Citibank may be “too-big-to-manage,” citing years of regulatory...
The 7 Best Kids Robot Movies, Ranked
26.9.2024
Movies often portray robots as the harbingers of something bad, whether they’re evil and want to take over the world (Terminator, I, Robot, The Matrix, etc.) or are being exploited by humans (Blade Runner, Ex Machina, A.I. Artificial Intelligence, etc.). But robots aren’t all bad—they can be...
US Banking Regulator Calls for Stronger Oversight of Crypto Risks
5.9.2024
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...
Jamie Lee Curtis Shouldn't Have To Apologize For Calling The MCU 'Bad'
1.8.2024
Jamie Lee Curtis is a cinematic icon and we will treat her as such. Over the years, she has given us everything from Halloween and Perfect to Freaky Friday, as well as that stint as Jess’s hippie mom in New Girl. Sure, she might have earned an Academy Award for Everything Everywhere All At Once...
Ace Attorney Dev Talks Apollo Justice, Japanifornia, and the Series’ Future
6.2.2024
In the fall of 2001, an unprecedented incident shook the world—the first Gyakuten Saiban (or Ace Attorney) game launched in Japan for Game Boy Advance. You played as greenhorn attorney Ryūichi Naruhodō (later translated to Phoenix Wright) as he bluffed through legal cases by exploiting testimonial...
US Congress Kicks Against SEC’s SAB 121 Rules in Latest Memo
16.11.2023
Source: AdobeStock The US Securities and Exchange Commission’s (SEC) latest release of its Staff Accounting Bulletin (SAB) 121 is receiving major backlash from legislators. Making their opinions heard in a memo dated November 15, several members of the US Congress wrote to the Chairman of...
U.S. Banking Watchdog Hsu Says Tokenization Promising, But Crypto Full of Fraud
7.11.2023
Tokenization of assets could be the answer to the risky complexities of settling the movement of funds and securities, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency
'Home' regulator could solve crypto's 'fragmented supervision' issue: Comptroller
7.3.2023
During a speech at a banking conference in DC, acting comptroller Michael Hsu said FTX was an example of why a "consolidated home country supervisor" is needed
U.S. Banking Watchdog: You Can’t Trust Crypto Firms Until They Get Federal Oversight
6.3.2023
As it stands, there’s no way for people to know which crypto firms they can rely on, said Michael Hsu, the acting head of the U.S. Office of the Comptroller of the Currency (OCC), in a speech Monday
U.S. lawmakers argue SEC accounting policy places crypto customers at risk
3.3.2023
While the bulletin was intended to provide clarity regarding the accounting treatment for digital assets, it has been criticized by both lawmakers and regulators
OCC's Hsu says regulators are 'spending too much time' on crypto: Reuters
14.10.2022
Michael Hsu stated that it is starting to worry him that “we’re not spending that time and attention on some other things," like fintech, which he described as the “future.”
Acting CoC Michael Hsu: Crypto is ‘immature,’ but maybe it doesn’t have to go away
12.10.2022
The acting U.S. official added nuance to his well known skepticism about the crypto industry, but warns against accommodation, in speeches on risk and regulation
OCC Chief Hsu: Crypto Industry Has Unhealthy ‘Dependency on Hype’
24.5.2022
Michael Hsu, who runs the U.S. Office of the Comptroller of the Currency, said the recent fiery collapse of TerraUSD (UST) and the wider drama that came with it should serve as a “wake-up call” to the industry, which he argued has grown too fast
Good News! PC Gaming Prices Might Stop Being A Hellscape Soon
18.5.2022
With an ongoing chip shortage that’s impacting basically everything that requires silicon and, everyone’s favorite topic, cryptocurrency draining stock of GPUs, getting new tech toys lately hasn’t been as easy as it once was. At least, not without paying a premium. Fortunately, shifts in the crypto...
Acting OCC comptroller calls for standards on stablecoins
27.4.2022
According to Michael Hsu, representatives from the crypto industry as well as within the U.S. government could work toward setting standards on stablecoins
Acting CoC Hsu: More crypto regulation is needed
5.11.2021
The regulator singled out Binance and Tether as allegedly risky players in the blockchain space
Acting OCC head warns that ‘fools gold’ in DeFi reminds him of lead-up to GFC
24.9.2021
While crypto has been mostly weathered past hacks, scams, and crashes, acting OCC head Michael Hsu warns the risks may be multiplying as the technology goes mainstream
Xbox x Nike's Space Jam Collab Has A Very Cool Controller (But Also Sneakers)
2.7.2021
While Xbox’s upcoming sneaker collaboration with Adidas looks like shit, Microsoft have also worked with Nike to release something else, something a bit bigger that goes beyond sneakers to also include some rather nice video game hardware as well.Read more
US regulators must collaborate on ‘regulatory perimeter’ for crypto: OCC head
31.5.2021
Acting OCC head, Michael Hsu, wants greater inter-agency cooperation in establishing regulatory guidelines for the crypto sector
Top US Banking Regulator to Review Cryptocurrency Standards Under New Leadership
20.5.2021
The new Acting Comptroller of the Currency, Michael Hsu, has requested a review of the cryptocurrency standards established by the top U.S. banking regulator. He is also urged to “reassess any conditional national trust charters and halt the approval of any additional charters to nonbank...