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Hsu said it was the job of federal regulators to interrogate the risks and benefits of tokenized deposits as they take on popularity among banks.

Biden bank regulator flags ‘concerns’ over SEC custody rule

A top national bank regulator admitted having “concerns” over a proposed rule from the Securities and Exchange Commission that would affect how banks provide custody services.

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Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.

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Punchbowl News Presents

Our new weekly show, Fly Out Day, brings you inside the most consequential decisions shaping Congress with the people at the center of the story. From Hill leadership to Washington’s most-plugged in reporters, join us straight from our townhouse each Thursday evening. Watch the latest episode now.