US Banking Regulator OCC Gets New Chief with Crypto Industry Roots
2025-07-11 02:26:47
Main Idea
Jonathan Gould, a former blockchain executive with regulatory experience, has been confirmed as the new chief of the OCC, signaling a potential shift in US banking oversight towards crypto-friendly policies.
Key Points
1. Jonathan Gould, former Bitfury legal chief and OCC veteran, was confirmed as the new Comptroller of the Currency by a Senate vote of 50 to 45.
2. Gould's appointment marks the first permanent OCC chief since 2020 and reflects a shift in regulatory focus towards digital assets and stablecoins.
3. The OCC has already taken steps to clarify that US banks can buy and sell crypto assets, removing references to 'reputation risk' as a barrier.
4. Political tensions remain, as seen in Senator Cynthia Lummis' initial opposition to Gould's stablecoin rules before ultimately voting in favor.
5. Gould is expected to shape US banking policy in relation to the evolving crypto sector while maintaining the OCC's core mission of bank supervision and financial soundness.
Description
Jonathan Gould, a former blockchain executive with a deep regulatory background, has been confirmed as the next head of the Office of the Comptroller of the Currency (OCC). The US Senate voted 50 to 45 on Thursday to approve his nomination, clearing the way for Gould to become the OCC’s first permanent chief since 2020. Gould previously served as Bitfury’s chief legal officer and held senior roles at the OCC during the previous Trump administration. His return marks a notable shift for the feder...
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