Jonathan Gould has been confirmed by the US Senate as the Comptroller of the Currency, which may lead to changes in cryptocurrency regulation.
Gould's Confirmation in the Senate
Jonathan Gould was officially confirmed by the US Senate as Comptroller of the Currency following a close 50-45 vote. His appointment awaits the final signature from President Trump. Gould previously served as Chief Legal Officer at Bitfury and faced initial opposition from Senator Cynthia Lummis, but ultimately received her support during the final vote.
Gould's Approach to Banking Regulation
Gould advocates for deregulation and risk management for banks, believing that excessive constraints hinder the banking system. His views align with the priorities of the previous administration to foster innovation and ease regulatory requirements. Industry representatives, including the Blockchain Association and the Independent Community Bankers of America, supported his appointment, highlighting his balanced perspective.
Market Reaction and Impact on Cryptocurrencies
According to CoinMarketCap data, Ethereum (ETH) surged by 6.11% to $2,948.85 following Gould's appointment. Ethereum's market capitalization now stands at $355.97 billion. Gould's new role may strengthen the ties between US banks and cryptocurrency initiatives, reflecting his pro-innovation stance.
Jonathan Gould's confirmation as Comptroller of the Currency could open new opportunities for banks to engage with the cryptocurrency industry and stimulate the market, particularly for stablecoins.
