Cryptocurrencies
Crypto’s Road Gets Harder With Biden Pick for Bank Watchdog
- OCC nominee Omarova would join other token critics in D.C.
- Industry has few allies as U.S. agencies weigh crackdown
Source: Senate Committee on Banking, Housing and Urban Affairs
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President Joe Biden may have just dashed any remaining hopes that Washington would warm to cryptocurrencies under his watch.
The White House nominated Saule Omarova last week to lead the Office of the Comptroller of the Currency, all but confirming that U.S. financial regulators will be void of any crypto allies for at least the next three years.