Jonathan Gould's confirmation as head of the Office of the Comptroller of the Currency (OCC) has significant implications for the crypto industry, considering his background and potential influence on banking policies.
Who is Jonathan Gould?
Jonathan Gould previously served as the chief legal officer at Bitfury and now leads the OCC. Under the Trump administration, he was a senior deputy comptroller, contributing to policy formation alongside Brian Brooks.
Possible Changes in Crypto Regulation
Gould briefly addressed banking access for crypto firms during his confirmation hearings. This leadership change may reshape regulations impacting cryptocurrencies like BTC and ETH, as well as stablecoins such as USDC.
Market Reaction and Expert Opinions
The market is closely watching reactions to Gould's appointment as crypto firms anticipate regulatory clarity. Expert sentiment suggests potential easing of regulations could facilitate DeFi integration with the banking sector. Senate approval, amidst concerns about preemption of state and federal law, indicates a divided stance on crypto.
Jonathan Gould's appointment as head of the OCC opens new opportunities for the crypto industry, yet his regulatory approach remains to be seen.
