Hsu, whose title is acting comptroller of the currency, opened a folder about the lectern and started to read a tersely scripted speech. With center-parted black hair, oval Eyeglasses and a neat match and tie, Hsu appeared each inch the bureaucrat.

By afternoon, with cocktail hour looming, a courageous new way forward for lawful crypto Performing hand in hand While using the regulatory point out appeared nearby. Then Michael Hsu received up to speak.

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A collision is below way—not merely the usual maneuvering involving govt and small business, but a clash of radically distinct cultures. To crypto’s whiz-child techno-futurists, the stodgy pencil-pushers on the Washington bureaucracy are almost nothing but a hindrance.

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