Regulating stablecoin issuers like banks could encourage innovation in the crypto industry, according to top U.S. banking regulator Michael Hsu. Speaking at an event on Thursday, Hsu – the acting comptroller of the Office of the Comptroller of the Currency (OCC) – told attendees that increased regulations for the stablecoin industry could also make innovations longer-lasting. “While innovation thrives in uncertain environments, solid foundations can help,” Hsu said. “Especially when it comes to money and trust.” As the stablecoin market continues to grow, surpassing $150 billion last year, lawmakers and regulators ... (full story)