Jonathan Gould has been confirmed as the head of the Office of the Comptroller of the Currency (OCC), one of the key financial regulators in the US, following a narrow Senate vote.
Senate Confirmation
The final Senate vote took place Thursday and passed narrowly, 50 to 45. Gould joins the ranks of Trump administration officials advocating for less regulation of the banking system and promoting cryptocurrency.
Gould's Background and Role at OCC
Gould has a strong background in legal and financial regulation. He previously served as chief legal officer for Bitfury and held senior positions within OCC, including senior deputy comptroller and chief counsel. His experience positions him as a significant figure in the upcoming regulatory changes.
New Crypto Regulations Ahead
As digital assets continue to develop rapidly, Gould takes on the role at a time when the US Congress aims to tighten federal oversight over stablecoins and other forms of digital currency. The GENIUS Act, which debates in Congress soon, seeks to establish a legal framework for stablecoins.
Jonathan Gould's appointment as head of the OCC highlights the increasing importance of regulating the crypto market in the US. His experience and approach may significantly influence the future of financial regulation in the country.
