I think this is very important. Biden plans to nominate Saule Omarova to the position on Comptroller of the Currency. She wants to “end banking as we know it.” She supports moving consumer banking to the Federal Reserve from private institutions. I think this is a part of the overall plan to move to digital currencies and give greater control to the central bank. Among other things, the central bank could then deposit “printed money” directly into consumer bank accounts…but what strings will be attached? This would a major move to centralize control.