Fed Actively Collaborating With OCC & FDIC On Crypto Regulations

Fed Actively Working With FDIC & OCC To Regulate Cryptocurrencies

US Federal Reserve Vice Chair Michael Barr stated on Wednesday that the Fed is collaborating with the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) to regulate and monitor crypto-asset operations. Michael Barr also discussed stablecoin regulations, the risks of tokenizing bank liabilities, the advancement of consumer autonomy, the FedNow Service digital payment system, and CBDC.