President Joe Biden’s pick for a top banking regulation position was withdrawn on Tuesday after strong pushback from Senate Republicans and several Democrats.
Saule Omarova, a professor at Cornell Law School, drew criticism for her proposals to dramatically centralize banking and her thesis on Karl Marx, widely seen as the founder of communism.
Biden said in a statement that Omarova asked him to withdraw her nomination to be comptroller of the currency and he agreed to do so.
“As a strong advocate for consumers and a staunch defender of the safety and soundness of our financial system, Saule would have brought invaluable insight and perspective to our important work on behalf of the American people,” the Democrat said, before accusing detractors of launching “inappropriate personal attacks” against his nominee.