Top banking regulator compares crypto to tools that sparked the financial crisis while lobbyists decry 'overly conservative' approach

Bitcoin crypto currency physical banknote and coin imitations.
OZAN KOSE/AFP via Getty Images
On Tuesday, Michael Hsu, who heads the Office of the Comptroller of the Currency, compared crypto's trajectory to that of credit default swaps.
Hsu's critical remarks came just days after the Financial Times reported on a letter sent by top crypto lobbyists to the Basel Committee.The stringency of regulation is emerging as the top issue for the crypto industry.
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