Pat Tomey, a Republican member of the US Senate Banking Committee, is trying to lobby a candidate to head the Office of the Comptroller (OCC) to submit the Karl Marx Honorary Report to his university in 1989.

The Biden administration officially appointed Saule Omarova, a Kazakhstan-born lawyer, as its chief financial regulator on September 29, which critics slammed against banking and cryptocurrency. Show that Umarova sympathizes with Marxist views.

Although Omarova has lived in the United States since 1991 and previously worked as an advisor to George W. Bush, she previously attended Moscow State University in 1988 and 1989 on a Lenin Personal Academic Fellowship.

In an open letter to Umarova published on October 5, Tommy stated that she had removed reference to the thesis “Karl Marx’s Economic Analysis and The Theory of Capital Revolution” from her current resume at Cornell Law School, adding that the article appeared in her autobiography in April 2017…

The archival summary indicates that the article was written in the framework of Umarov’s diploma with honors in Philosophy. Tommy says he is asking for a document so the Senate Banking, Housing and Urban Affairs Committee can “assess the suitability of people to serve in executive and independent office positions approved by the Senate.”

He said commission staff first requested the document from Omarova in September, but “we have not received any guarantees that the commission will receive a copy of this document in time.”

The Biden administration has come under fire for its nomination of Umarova, with opponents pointing to her 2020 remarks when lawmakers urged lawmakers to “effectively shut down the bank as we know it.” Umarova also described cryptocurrencies as a symptom of the current “dysfunctional economic system.”

Nevertheless, Democrats praised Biden’s election to the nomination, and Senator Elizabeth Warren Omarova called “an excellent choice for overseeing and regulating the activities of the nation’s largest banks.”

In her speech to the committee on October 5, she called Tommy Umarova an extreme “radical” whose recent policy directives have included government salaries and benefits, the nationalization of the retail banking industry, and a “public rejection of all this market capitalism.” …”

“In 2019, say what you will about the former Soviet Union, there was no gender pay gap,” she wrote on Twitter. The market does not always know better […] Ms. Umarova clearly knows that her views go far beyond what is generally accepted. ”
Senator Ted Cruz also reached out to Omarova about the potential threat it could pose to cryptocurrency, tweeting: “Not only is Biden’s selection to chair the OCC a threat to our traditional economy, she also wants to deregulate crypto.” Facing the rules of the future ruling government. This progress must be halted. “

Source: CoinTelegraph