The Senate is poised to reject the White House's choice to lead the Office of the Comptroller of the Currency (OCC), the federal agency charged with overseeing the country's banks, Axios reported this week. The impending rejection is significant for the crypto industry since the nominee, Saule Omarova, has been an outspoken critic of crypto. In recent months, she has described crypto as benefiting from a "dysfunctional" financial system, and shared a Financial Times story that framed Bitcoin as a symbol of American decline. The Biden Administration is still backing Omarova to be head of the OCC, but she appears to ... (full story)