{"id":159430,"date":"2021-01-21T07:42:21","date_gmt":"2021-01-21T04:42:21","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/former-ripple-advisor-set-to-become-comptroller-of-the-currency-wsj\/"},"modified":"2021-01-21T07:42:21","modified_gmt":"2021-01-21T04:42:21","slug":"former-ripple-advisor-set-to-become-comptroller-of-the-currency-wsj","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/former-ripple-advisor-set-to-become-comptroller-of-the-currency-wsj\/","title":{"rendered":"# Former Ripple advisor set to become Comptroller of the Currency: WSJ"},"content":{"rendered":"

“# Former Ripple advisor set to become Comptroller of the Currency: WSJ <\/strong>”
\n<\/p>\n

According to the Wall Street Journal, a former member of Ripple\u2019s board of advisors directors is likely to become the next Comptroller of the Currency.<\/p>\n

The report cites insiders \u201cfamiliar with the matter\u201d who expect President Biden to nominate former Treasury Department official, Michael Barr, to the top post overseeing national banks.<\/p>\n

The position as Comptroller of the Currency serves as the administrator of the federal banking system, and is the chief officer of the Office of the Comptroller of the Currency (OCC). The WSJ <\/a>described it as one of the most powerful banking regulators:<\/p>\n

\u201cThe comptroller oversees hundreds of bank supervisors stationed inside large U.S. financial firms, making the person in the job one of the most powerful bank regulators.\u201d<\/p><\/blockquote>\n

The official decision is yet to be finalized and the WSJ was unable to verify the story with comments from the White House, the Treasury Department, or Barr himself.<\/p>\n

If app<\/a>roved, Michael Barr would be the second appointee with cryptocurrency experience in the position following former Coinbase executive Brian Brooks, who stepped down last week after eight months as the Trump administration\u2019s acting comptroller.<\/p>\n

Barr was appointed as a member of the Advisory Board of Ripple Labs<\/a> in 2015. At the time he was keen to foster innovation in the payments sector, stating;<\/p>\n

\u201cOur global payments system is badly outdated. I think innovation in payments can help make the financial system safer, reduce cost, and improve access and efficiency for consumers and businesses alike.\u201d<\/p><\/blockquote>\n

President Biden\u2019s team also considered law professor at the University of California, Mehrsa Baradaran, for the position.<\/p>\n

The Biden administration has also tapped crypto-knowledgable Gary Gensler as the most likely candidate to head the Securities and Exchange Commission. The former Chairman of the Commodity Futures Trading Commission is known to be more positive towards decentralization and financial digitization than the previous inhabitant in the role. <\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Former Ripple advisor set to become Comptroller of the Currency: WSJ ” According to the Wall Street Journal, a former member of Ripple\u2019s board of advisors directors is likely to become the next Comptroller of the Currency. The report cites insiders \u201cfamiliar with the matter\u201d who expect President Biden to nominate former Treasury Department…<\/p>\n","protected":false},"author":1,"featured_media":159431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvMjAyNmE0NjUtYTU1MC00MzQ0LWJiZGYtYmM3MjUzOWM4MmRmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,70934],"class_list":["post-159430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/159430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=159430"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/159430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/159431"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=159430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=159430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=159430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}