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“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
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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
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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.
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Companies attempting to engage with customers in good faith, according to reasonable expectations, given laws on the books, have nothing to fear. There are clearly bright lines: For instance, as an advocate of financial inclusion and an anti-monopolist, Omarova is mindful that approaching fintech and techfin companies (or any powerful
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