• Ripple kills Michael Barr Comptroller Currency
    Obama Treasury official Michael Barr will not be Comptroller of the Currency (Photo: University of Michigan)
    Regulation,  Ripple

    Ripple advisor’s crypto connections kill appointment as banking regulator

    Former Ripple Advisory Board member Michael Barr was too moderate and pro-crypto for progressives who blocked his nomination as Comptroller of the Currency

    March 13, 2021 /

    Barr was seen as part of a trio of crypto-friendly financial regulators nominated or under consideration by the administration of President Joe Biden. Former MIT digital asset and blockchain professor Gary Gensler is in the process of being confirmed as chairman of the Securities and Exchange Commission (SEC), while DC Fintech Week conference head Chris Brummer is said the be the choice to lead the Commodity Futures Trading Commission (CFTC).

    Read More
  • crypto-savvy regulators
    SEC nominee Gary Gensler, reported CFTC nominee Chris Brummer, and reported OCC nominee Michael Barr (Photo: C-SPAN/Wikimedia Commons)
    Cryptocurrencies,  People,  Regulation

    Bitcoin’s hat trick: Crypto-savvy leaders coming to all three U.S. regulators

    With the Gary Gensler at the SEC, Chris Brummer at the CFTC, and Michael Barr at the OCC, the cryptocurrency industry will face regulators who understand it

    January 22, 2021 /

    The third week of the year will very likely prove to be its most significant for cryptocurrency innovators and investors. Crypto scored a hat trick with news that President Joe Biden’s three top financial regulators—the chairmen of the Securities and Exchange Commission and the Commodity Futures Trading Commission, and the bank-overseeing Comptroller of the Currency—will all be intimately familiar with the cryptocurrency and blockchain business.

    Read More
  • Chris Brummer to head CFTC
    Georgetown Law professor Chris Brummer won't have to learn about crypto (Photo: C-SPAN)
    Cryptocurrencies,  Regulation

    DC Fintech Week head Chris Brummer to head CFTC: Report

    The Georgetown Law professor would be the third Biden Administration nominee to a major financial regulator position with a deep knowledge of cryptocurrencies

    January 22, 2021 /

    A crypto-trifecta could be coming home if reports that President Joe Biden plans to nominate Chris Brummer, a Georgetown University Law School professor, as chairman of the Commodity Futures Trading Commission are true.

    Read More
  • Ripple advisor Michael Barr Comptroller Currency
    Michael Barr taught financial regulation at the University of Michigan and co-founded its International Transactions Clinic (Photo: University of Michigan)
    Regulation,  Ripple,  XRP

    Ripple advisor Michael Barr to be named Comptroller of the Currency: Report

    The former member of the international payments firm’s advisory board could become the nation’s second ‘fintech comptroller’

    January 21, 2021 /

    That would mean that the Biden Administration’s Comptroller of the Currency would have an affiliation with Ripple, a company being sued by the U.S. Securities and Exchange Commission for illegally selling an unregistered security—XRP—for a period of more than seven years.

    Read More