U.S. Senate Confirms Former Blockchain Industry Executive Jonathan Gould as OCC Chief

According to Jinse Finance, the U.S. Senate has confirmed former Bitfury Chief Legal Officer Jonathan Gould as the head of the Office of the Comptroller of the Currency (OCC) with a vote of 50 to 45. The nomination will now be sent to President Trump for final approval. Gould previously served as OCC’s Chief Counsel and Deputy Comptroller. This year, the OCC has taken more crypto-friendly measures, including allowing U.S. banks to hold crypto assets on their own balance sheets. Meanwhile, the House of Representatives is accelerating stablecoin legislation and will hold a “Crypto Week” next week to review the GENIUS Act, which requires stablecoins to be fully backed by highly liquid assets such as the U.S. dollar and mandates annual audits for issuers with a market capitalization exceeding $50 billion.