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US Considers Banking Regulator Who's Wary of Crypto: Report

Saule Omarova is a professor of banking law and could be nominated in the next few months, the New York Times said.

Aug 5, 2021 at 12:38 p.m. UTC
Updated Sep 14, 2021 at 1:36 p.m. UTC

The administration of U.S. President Joe Biden is considering a Cornell University Law School professor as a candidate for the country's top banking regulator, the New York Times reported.

  • The process is in its early stages, the newspaper reported, citing people familiar with the matter.
  • Saule Omarova is a professor of banking law and could be nominated to head the Office of the Comptroller of the Currency in the next few months.
  • In her academic work, Omarova has pointed to the risks banks face as they explore the crypto world, the paper said.

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