“Novel Activities Supervision Program” Aimed At Crypto, Fintech

Posted on 12/08/2023

In testimony before the Subcommittee on Digital Assets, Financial Technology and Inclusion, Committee on Financial Services, U.S. House of Representatives, Washington, D.C. Michael S. Gibson, Director, Division of Supervision and Regulation referred to the newly-created “Novel Activities Supervision Program.” The program will “Focus on the supervision of risks posed by novel, technology-driven activities at banks.…

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