President Biden will nominate crypto critics to regulate Wall Street
According to Bloomberg, President Biden will appoint the crypto critic Saule Omarova as director of the US monetary authority, the Office of the Comptroller of the Currency (OCC). Omarova has argued in the past that digital currencies run the risk of destabilizing the economy and can easily be misused by private companies at the expense of public safety.
President Biden appoints crypto critics to regulate Wall Street
Still on the rise against crypto, President Biden will nominate anti-crypto critic Omarova to reshape the industry’s relentless growth.
Omarova’s position will be named director of the United States Monetary Commission (OCC). OCC investigates the country’s largest lenders, including JP Morgan Chase & Co., Bank of America Corp. and Citigroup Inc..
Omarova has spoken out against fast-growing cryptocurrencies, arguing that the decentralized sector “primarily benefits the dysfunctional financial system that we already have”. Omarova claims that virtual currencies have the potential to destabilize the economy. Additionally, she said cryptocurrencies are also vulnerable to being mined by private companies at the expense of public security.
The U.S. government is rapidly moving towards an anti-crypto path regardless of the vast crypto community that exists within the government. Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), recently compared stablecoins to the Wild West in a recent interview with the Washington Post, arguing that digital currencies behave like poker.
“History tells us that personal forms of monetization don’t last long… These stablecoins now work almost like poker chips in a casino. To add to the Wild West analogy, I mean that we have a lot of casinos here in the Wild West, and poker chips are those stablecoins on the casino gaming tables. And so I think that there are only a lot of warning signs and flashing lights in aisle 3 that could overflow, and I want to get on. “
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
In addition, US authorities are making common ransomware attacks more difficult, where hackers charge millions of dollars. To combat the attack, the U.S. Treasury Department has also announced sanctions against ransomware cryptocurrency attacks. While the U.S. crypto community stands firm, the government will not let anything go wrong when it comes to cracking down on crackdowns.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.
In addition, US authorities are making common ransomware attacks more difficult, where hackers charge millions of dollars. To combat the attack, the U.S. Treasury Department has also announced sanctions against ransomware cryptocurrency attacks. While the U.S. crypto community stands firm, the government will not let anything go wrong when it comes to cracking down on crackdowns.
Author
Market
President Biden will nominate crypto critics to regulate Wall Street
According to Bloomberg, President Biden will appoint the crypto critic Saule Omarova as director of the US monetary authority, the Office of the Comptroller of the Currency (OCC). Omarova has argued in the past that digital currencies run the risk of destabilizing the economy and can easily be misused by private companies at the expense of public safety.
President Biden appoints crypto critics to regulate Wall Street
Still on the rise against crypto, President Biden will nominate anti-crypto critic Omarova to reshape the industry’s relentless growth.
Omarova’s position will be named director of the United States Monetary Commission (OCC). OCC investigates the country’s largest lenders, including JP Morgan Chase & Co., Bank of America Corp. and Citigroup Inc..
Omarova has spoken out against fast-growing cryptocurrencies, arguing that the decentralized sector “primarily benefits the dysfunctional financial system that we already have”. Omarova claims that virtual currencies have the potential to destabilize the economy. Additionally, she said cryptocurrencies are also vulnerable to being mined by private companies at the expense of public security.
The U.S. government is rapidly moving towards an anti-crypto path regardless of the vast crypto community that exists within the government. Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), recently compared stablecoins to the Wild West in a recent interview with the Washington Post, arguing that digital currencies behave like poker.
“History tells us that personal forms of monetization don’t last long… These stablecoins now work almost like poker chips in a casino. To add to the Wild West analogy, I mean that we have a lot of casinos here in the Wild West, and poker chips are those stablecoins on the casino gaming tables. And so I think that there are only a lot of warning signs and flashing lights in aisle 3 that could overflow, and I want to get on. “
Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.
In addition, US authorities are making common ransomware attacks more difficult, where hackers charge millions of dollars. To combat the attack, the U.S. Treasury Department has also announced sanctions against ransomware cryptocurrency attacks. While the U.S. crypto community stands firm, the government will not let anything go wrong when it comes to cracking down on crackdowns.
Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and share information about the crypto currency market.
In addition, US authorities are making common ransomware attacks more difficult, where hackers charge millions of dollars. To combat the attack, the U.S. Treasury Department has also announced sanctions against ransomware cryptocurrency attacks. While the U.S. crypto community stands firm, the government will not let anything go wrong when it comes to cracking down on crackdowns.
Other Posts
Related Posts
News
Hong Kong Crypto ETFs Of HashKey And Bosera Completed Subscription To Launch On April 30
News
