President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of the Currenc
Former Ripple advisor set to become Comptroller of the Currency: WSJ NEWS
According to the Wall Street Journal, a former member of Ripple’s board of advisors directors is likely to become the next Comptroller of the Currency.

The report cites insiders “familiar with the matter” who expect President Biden to nominate former Treasury Department official, Michael Barr, to the top post overseeing national banks.

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 described it as one of the most powerful banking regulators:

“The 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.”
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.

If approved, 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’s acting comptroller.

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

“Our global payments system is badly outdated.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.”
President Biden’s team also considered law professor at the University of California, Mehrsa Baradaran, for the position.

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.

Source: https://cointelegraph.com/news/former-ripple-advisor-set-to-become-comptroller-of-the-currency-wsj

#PROOF OF REGISTRATION

Forum Username: Gostudio

Forum Profile Link: https://www.altcoinstalks.com/index.php?action=profile;area=forumprofile;u=77271

Telegram Username: GOSTUDIOGO

Participated Campaigns: SIGNATURE

TRX Wallet Address (TRC20 compatible): TLgQ11mgHidKE7SCbd9GkwUoYTc5d7TbgN

Mukhang interested ako sa topic na ito ha. Ma experience on my own. By the way thank you sa info.

Altcoinstalks username: Gostudio
Altcoinstalks link: https://www.altcoinstalks.com/index.php?action=profile
Rank: Full member
Current Post count: 141
ETH address: 0x60289396c8e7C1fb3b3861E1a8b5b9af4a2f8a8B

In 2010 -2011 there is 10 months of bullish period and it is increasing. In 2011-2013 two years and there are three years in 2015-2017.  What do you think is it a pattern to follow or it is just a coincidence, from almost one year, then two years and another one is three years. What will be next bullish period of Bitcoin, do you think it takes 4 years or 2021 will be  the next bullish period of bitcoin?

No experience and knowledge, no development possible.

There is a good thing a bout experience. There is two way of gaining knowledge, first is formal education and second is through experience. There is difference between formal education of gaining  knowledge and experience. Formal education teaches us the lesson before the test, while experience give us the lesson first before the test. So you choose what way of gaining knowledge do you want.

FUD in cryptos is normal. Ripple can survive and overcome the circumstances its facing. Although it's disappointing to dump the price. But banks and the team will solve the issue for faithful supporters of ripple.

Yes sir, this is the main thing that I know, how ripple can survive on its issue. I believe its partner are working together on this matter. I'm looking forward to ripple because of its potential and the system that this coin carried. One thing is sure on this issue, if Ripple will not follow the rules of Sec, Sec will perform its duty.