Michael S. Barr: “Your agencies issued that guidance that clarifies the legality of industrial hemp and states that banks are no longer…”
On the recordDecember 3, 2019
“Your agencies issued that guidance that clarifies the legality of industrial hemp and states that banks are no longer required to file suspicious activity reports.”
The banks we regulate, in contrast to stablecoins and crypto markets, are well-protected from bank runs through a robust array of supervisory requirements.