As in all economic balances, the heart of the crypto money market beats in the USA. Especially every positive or negative statement from the USA has a direct effect on the price. Bitcoin, which has gradually become a global product, moves in parallel with all economic balances.
Many experts, who attribute the next rally start to a Bitcoin ETF from the USA, are actually highlighting how important developments in the USA are. At this point, there was another development concerning the crypto money market.
US President Biden has nominated Saule Omarova as the head of the Monetary Supervisory Office (OCC), which, like the SEC and the CFTC, is critical and oversees the banking sector.
What is critical for the crypto money market here is that Saule Omarova has come to the fore with negative statements for the sector. Omarova, who used the words “fascinating” for Bitcoin in 2019, often comes up with negative criticism.
For this very reason, US Senator Patrick Toomey, known as a crypto money supporter, expressed his serious reservations about this nominee. Patrick Toomey is known for changing many of the articles put to vote in the US Senate on cryptocurrencies recently and taking important steps to help the market breathe a sigh of relief.
Worrying about such a name for the crypto money market may herald that Omarova, who is expected to come to the OCC seat, will make negative statements and sanctions for the market.