Biden to Nominate Crypto Critic as Top Bank Regulator: Report

Posted on by American Coins & Gold

Biden to Nominate Crypto Critic as Top Bank Regulator: Report
The U.S. President is reportedly moving forward with the nomination of a crypto critic to run a federal bank regulator.The Biden administration intends to nominate Cornell University Professor Saule Omarova to be the next Comptroller of the Currency, Bloomberg reported on Wednesday. The administration was first rumored to be vetting Omarova last month.A spokesperson for the Office of the Comptroller of the Currency did not immediately return a request for comment.Omarova has criticized the existing bank structure and cryptocurrencies in recent years, according to the Bloomberg report. She has advocated for having the U.S. central bank provide consumer banking services,…