Biden to Nominate Crypto Critic as Top Bank Regulator: Report — CoinDesk

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If nominated and confirmed, Omarova would be the first full-term Comptroller since Joseph Otting, who headed up the federal financial institution regulator between 2017 and 2020. Former Acting Comptroller Brian Brooks took over the regulator final yr, overseeing a handful of steering letters and conditional approvals permitting crypto firms to have larger entry to banking providers and letting banks work together extra carefully with cryptocurrencies.