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Biden to Tap Wall Street and Crypto Critic to Lead Bank Regulator: Report

·2 min read
Biden to Tap Wall Street and Crypto Critic to Lead Bank Regulator: Report

The Biden administration intends to nominate vocal Wall Street and cryptocurrency critic Saule Omarova as the top official overseeing banking regulations, Bloomberg reported. President Joe Biden is expected to choose Omarova to run the Office of the Comptroller of the Currency, which supervises about 1,200 banks and federal savings associations, as soon as this week, sources told the news agency. Omarova, a Kazakhstan native, currently teaches law at Cornell University Law School.