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

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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