According to Bloomberg, President Biden will reportedly nominate the anti-crypto critic, Saule Omarova as the director of the U.S. Monetary Supervision Agency, i.e., the Office of the Comptroller of the Currency (OCC). Omarova in the past has argued that digital currencies pose a threat of destabilizing the economy and can be easily abused by private enterprises at the cost of public security.
The OCC looks over the country’s biggest lenders including JP Morgan Chase & Co., Bank of America Corp., and Citigroup Inc. With Omarova’s entry into Wall Street’s regulatory sphere, above mentioned big names could be facing a multitude of tougher oversight and stricter rules.
Omarova pitched against the fast growth cryptocurrencies and argued that the decentralized sphere is “benefiting mainly the dysfunctional financial system we already have.” Omarova asserted that virtual currencies may potentially destabilize the economy. Furthermore, she stated that crypto is also exposed to e
Źródło: https://coingape.com/president-biden-nominates-crypto-critic-to-regulate-wall-street/
