2 months ago
Today the Wall Street Journal reported that President Biden is expected to nominate Michael Barr to the role of Comptroller of the Currency at the OCC, one of the main banking regulators. He was previously on the advisory board of Ripple. Barr will replace Acting Comptroller Blake Paulson, who took over the role last week from Brian Brooks, former Chief Legal Officer at Coinbase, who held the OCC position in an acting capacity for eight months.
Barr is no longer with Ripple, which is currently being sued by the SEC, which asserts that the XRP cryptocurrency is a security.