According to Fox Business Channel reporter Eleanor Terrett, former National Credit Union Administration (NCUA) chairperson Rodney Hood will become the acting auditor general of the Office of the Comptroller of the Currency (OCC), effective immediately. Hood has publicly expressed a positive view of cryptocurrencies. He said in 2021 that the cryptocurrency market is critical to credit unions and the financial services market as a whole, and believes that cryptocurrencies should be part of the credit union system, otherwise it will affect its competitiveness with other financial services providers. In terms of regulatory flexibility, Hood believes that "guardrail" should not be confused with "strict regulation".