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.
Read more about
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.