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Sources: Biden plans to nominate Cornell law professor and cryptocurrency critic Saule Omarova to run the Office of the Comptroller of the Currency

Bloomberg :

Bloomberg

Discussion

  • @profkatejudge Kate Judge on x
    Exactly right. The OCC has a long track record of being overly beholden to the banks it is tasked with regulating. @STOmarova has been an outspoken critic of the way banks have been allowed into domain after domain, from derivatives to commodities. This is a sea change. https://t…
  • @bobbybigwheel @bobbybigwheel on x
    Seeing a lot of crypto guys threatening to turn fash at the prospect of regulation. To them I say relax, you just need to pivot from a Ponzi scheme to tax arbitrage like the rest of Wall Street. https://twitter.com/...
  • @mastertes Hookah Doncic on x
    “Saule Omarova, who has said she wants to ‘end banking as we know it,’ will be tapped to run the Office of the Comptroller of the Currency as soon as this week.” https://www.bloomberg.com/...
  • @markjeffrey @markjeffrey on x
    Wow. Confirming her would be an utter disaster for everyone except the fed gov. https://www.bloomberg.com/...
  • @jesseahamilton Jesse Hamilton on x
    It's hard to overstate the volume of the message that would be sent to Wall Street and crypto-world by this expected nomination of professor Saule Omarova as one of the financial sector's most important overseers. @STOmarova https://www.bloomberg.com/... via @bpolitics
  • @salehamohsin Saleha Mohsin on x
    Saule Omarova will be first woman to head the OCC, if confirmed The comptroller supervises the nation's biggest lenders including JPMorgan Chase & Co., Bank of America Corp. and Citigroup https://www.bloomberg.com/... https://twitter.com/...
  • @yevshrag Yevgeny Shrago on x
    You might ask: aren't you ok with Jerome Powell as Fed Chair, given how good the rest of @POTUS Wall Street oversight appointments have been? I say: why would @POTUS hinder all of his great appointees with a weak leader at the most important financial regulator? https://twitter.c…
  • @eisingerj Jesse Eisinger on x
    Wow. Fascinating, important choice. https://twitter.com/...
  • @dan_ocampo1 Dan Ocampo on x
    Absolutely huge news https://twitter.com/...
  • @ntinatzouvala Ntina Tzouvala on x
    This is big, in a good way. https://twitter.com/...
  • @toddntucker Todd N. Tucker on x
    This is excellent news. I have learned so much from @STOmarova about how financial institutions - public, private, and in-between - can be leveraged to tackle big challenges like decarbonization, inequality, and more. https://twitter.com/...
  • @yayitsrob Robinson Meyer on x
    A huge deal for climate-minded financial regulation: https://twitter.com/...
  • @tphillips Todd Phillips on x
    I highly recommend folks read @STOmarova's article “The Quiet Metamorphosis,” on how the OCC changed the law allowing banks to use derivatives. She understands not only banking but the history of banking. And that's unbelievably important. https://twitter.com/...
  • @yaliberty Young Americans on x
    .@JoeBiden is going for broke in his quest to make personal liberty a thing of the past. His reported nominee to run the Office of the Comptroller of the Currency should concern every American who wants less gov't intrusion in their lives. READ MORE: https://www.bloomberg.com/...…
  • @salehamohsin Saleha Mohsin on x
    NEW: Biden will to nominate Saule Omarova, a law professor who has criticized cryptocurrencies and advocated for the govt to have a much bigger role in banking, to run the OCC Saule Omarova w/@jesseahamilton + @benbain More on @TheTerminal
  • @wisetendersnob @wisetendersnob on x
    Oh wow, this is a superb choice! Prof. Omarova is a brilliant voice for democracy in banking, and would be awesome for the OCC role https://twitter.com/...
  • @kpatricio1 Karina Patrício on x
    Great news for the world in general, not just the US! https://twitter.com/...
  • @jentaub Jennifer Taub on x
    Such an excellent choice! https://twitter.com/...