Biden’s controversial anti-crypto Comptroller nominee withdraws
Saule Omarova backed out of her nomination to be the Comptroller of the Currency amid a blizzard of scrutiny over her positions on crypto and banking.
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Senator pressures OCC nominee over missing Marxism thesis from Moscow Uni
“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Senator Pat Toomey.
Opposition mounts to Biden’s OCC pick, fears she could ‘regulate crypto into oblivion’
Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova.
Biden to nominate anti-crypto and anti-big bank law professor to run the OCC
Omarova has stated she hopes to “end banking as we know it” but believes large financial firms can abuse the crypto market outside of regulators’ view.