Saule Omarova backed out of her nomination to be the Comptroller of the Currency amid a blizzard of scrutiny over her positions on crypto and banking.
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Saule Omarova backed out of her nomination to be the Comptroller of the Currency amid a blizzard of scrutiny over her positions on crypto and banking.
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“I don’t think I’ve ever seen a more radical choice for any regulatory spot in our federal government,” said Senator Pat Toomey.
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Texas Senator Ted Cruz is among a number of politicians and bankers that are opposed to the nomination of Saule Omarova.
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Omarova has stated she hopes to “end banking as we know it” but believes large financial firms can abuse the crypto market outside of regulators’ view.
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