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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.

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

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.

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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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Sheldon Reback

Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.