“As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable insight and perspective to our important work on behalf of the American people. But unfortunately, from the very beginning of her nomination, Saule was subjected to inappropriate personal attacks that were far beyond the pale. I am … [Read more...] about OCC Nominee Omarova Withdraws From Bank Regulator Consideration
Omarova
Democratic senators oppose President Biden’s OCC Omarova nomination
A group of five Democratic senators has reportedly rejected President Joe Biden’s nominee, Saule Omarova, to head the Office of the Comptroller of the Currency (OCC). Omarova’s nomination as a bank regulator was initially opposed by three members of the Senate Banking Committee — Senators Jon Tester, Mark Warner, and Kyrsten Sinema — on a phone call with panel chairman Sen. … [Read more...] about Democratic senators oppose President Biden’s OCC Omarova nomination
What Omarova for OCC Means
Although some of her views fall well outside of mainstream opinion, Omarova does represent an increasingly common view among regulators that crypto needs to be brought under their yoke. A progressive, self-described lover of American capitalism, Omarova supports both a “digital dollar” central bank digital currency and publicly run banks. Crypto, it’s said, is a … [Read more...] about What Omarova for OCC Means