“We won’t be able to know which players are trustworthy and which aren’t until a credible third party, like a consolidated home country supervisor, can meaningfully oversee them,” Hsu said in remarks prepared for delivery at an Institute of International Bankers event in Washington, D.C. “Currently, no crypto platforms are subject to consolidated supervision. Not one.”
Source: https://www.coindesk.com/policy/2023/03/06/us-banking-watchdog-you-cant-trust-crypto-firms-until-they-get-federal-oversight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines