Biden Administration Eyes Crypto and Big Bank Critic To Run On OCC By CoinQuora
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Biden Administration Eyes Crypto and Big Bank Critic To Run On OCC- According to reports, the Biden administration intends to nominate an anti-crypto and anti-big bank law professor, to head the OCC.
- This law professor, Saule Omarova, already said before that she wants to “end banking as we know it.”
Reports say that the Biden administration plans to nominate anti-crypto and anti-big bank law professor, Saule Omarova, to head the OCC. The U.S.’s banking system is overseen by the Office of the Comptroller of the Currency. It oversees the nation’s biggest lenders like Bank of America Corp (NYSE:)., Citigroup Inc (NYSE:)., and JPMorgan (NYSE:).
According to reports, OCC head Saule Omarova will be tapped by President Joe Biden. According to reports, Omarova has criticized legacy banks and cryptocurrencies before.
Omarova told the government, in addition to all this, that she believes it must play a greater role in banking. She even said she “wants to end banking as we know it”. She further ci…
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