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

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

If nominated and confirmed, Omarova will be the first full-term Comptroller since Joseph Otting, who headed the federal banking regulator between 2017 and 2020. Former Acting Comptroller Brian Brooks took over the agency last year, overseeing a handful of guidance letters and conditional approvals allowing crypto companies to have greater access to banking services and letting banks interact more closely with cryptocurrencies.