The Office of the Comptroller of the Currency (OCC) is one of the less glamorous federal agencies.
But the office, which oversees the country’s biggest banks, has gained new prominence in recent years due to questions over how to integrate fintech and cryptocurrency firms into the banking system. Now there’s a quiet fight over who should lead it.
Until a week ago, it looked like Michael Barr, an Obama-era Treasury official, was a lock to be named as the Biden Administration’s pick to head the OCC.
Such a move was hailed by many in the cryptocurrency industry, who believed his background—including a stint advising crypto payments firm Ripple—would mean Barr would continue the crypto-friendly policies of former OCC head, Brian Brooks. Others, though, complained that Barr appeared to be too cozy with the fintech industry:
A disturbing number of people high-fiving the Michael Barr OCC choice are in fintech pic.twitter.com/hQYqXxlg1r
— David Dayen (@ddayen) January 21, 2021
Now, hop
Źródło: https://decrypt.co/61492/biden-rumored-pick-for-occ-head-bitcoin-skeptic-baradaran
