Ex-Bitfury Executive Receives Senate Nod to Head Banking Regulator
2025-07-10 22:36:16
Main Idea
The Senate confirmed Jonathan Gould, a former cryptocurrency industry executive, as Comptroller of the Currency, signaling a crypto-friendly stance in financial regulation. Bitcoin's price surged past $116,000 for the first time, causing significant short liquidations.
Key Points
1. Jonathan Gould, a former Bitfury executive, was confirmed as Comptroller of the Currency by a Senate vote of 50 to 45.
2. The OCC will oversee the stablecoin market under the proposed regulatory framework of the Genius Act.
3. Bitcoin's price reached a record high of $116,734, leading to substantial short liquidations.
4. The IRS removed the anti-DeFi broker rule from the tax code, reversing a Biden-era policy.
5. Australia is advancing tokenization efforts, with regulatory relief granted to participants in Project Acacia.
Description
Jonathan Gould, a former chief legal officer at blockchain company Bitfury, was confirmed by the U.S. Senate to lead the Office of the Comptroller of the Currency.
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