McGonigal, 54, previously at the helm of New York’s FBI counterintelligence operations during the Trump-Russia inquiry, is now at the center of a scandal that alleges illicit ties with Oleg Deripaska, a Russian businessman.
Trump claims the country is running low on resources, saying, "The arsenals are empty, the stockpiles are bare, the Treasury is drained, the ranks are being hollowed out."
"For far too long, federal regulators have focused on advancing the agenda of the far left at the expense of their core mission," said Senator Vance. "This legislation aims to correct that imbalance by ensuring the banking system is governed by ethical and apolitical oversight."
The tests, which took place over 12 weeks with some of the world's leading banks, including Citigroup Inc. and Wells Fargo & Co., sought to evaluate the potential of digital currencies to enhance both domestic and international payment systems.