WASHINGTON, D.C. – Today, U.S. Senator Cynthia Lummis (R-WY) questioned Dr. Saule Omarova, President Biden’s nominee to serve as Comptroller of the Currency, during a nomination hearing before the Senate Banking Committee. Senator Lummis pressed Dr. Omarova on comments she made demonizing the oil and gas industry, community banks, and digital assets.
“I have major concerns with Dr. Omarova’s views on the energy sector, the role of government and the future of America’s banking system,” Senator Lummis said. “In her perfect world, the energy industry, Wyoming’s top industry, wouldn’t exist. In her perfect world, the community banks we rely on here in Wyoming would be taken over by the federal government. In her perfect world, every dollar made by residents of Wyoming would be subject to government control. I will not support a nominee that seeks to fundamentally alter our way of life here in Wyoming.”
Dr. Omarova has published dozens of articles calling for more government intervention in the economy and industry. She has repeatedly called for an end to the energy industry as we know it. She has been a vocal supporter of the Green New Deal and other progressive policies that would hurt Wyoming families and businesses. She has also advocated for more government bureaucracy to dictate which businesses and industries people can invest in.
The Office of the Comptroller of the Currency supervises all national banks and will have a role in regulating digital assets, which will deeply impact the new digital asset industry in Wyoming.