Senate confirms former blockchain executive Jonathan Gould to lead OCC
Quick Take Jonathan Gould was previously chief legal officer at Bitfury and, before that, was senior deputy comptroller and chief counsel at the OCC. Earlier in the day, during a procedural vote for Gould’s nomination, Sen. Cynthia Lummis, who is very pro-crypto, voted against his nomination, according to reporting from Punchbowl News.
The U.S. Senate voted to confirm former blockchain executive Jonathan Gould to lead the Office of the Comptroller of the Currency, sending the nomination to President Donald Trump for final approval.
The Senate voted 50 to 45 on Thursday.
Gould was previously the chief legal officer at Bitfury and, before that, served as senior deputy comptroller and chief counsel at the OCC, which regulates and supervises national banks and federal savings associations. Trump tapped Gould to lead that agency in February .
Earlier in the day, during a procedural vote for Gould's nomination, Sen. Cynthia Lummis, a staunch crypto advocate, voted against his nomination, according to reporting from Punchbowl News' Brendan Pedersen. A Lummis spokesperson said that the senator needed to have further discussions with Gould regarding stablecoin legislation and the "federal preemption of state banking laws," Pedersen reported.
During the afternoon vote, Lummis ultimately voted yes to confirm.
Lawmakers are quickly moving ahead with stablecoin legislation, with next week designated as "Crypto Week" to consider the GENIUS Act in the House. The bill requires stablecoins to be fully backed by U.S. dollars or similarly liquid assets, mandates annual audits for issuers with a market capitalization exceeding $50 billion, and establishes guidelines for foreign issuance.
The OCC has already made a few more crypto-friendly moves this year, including clarifying that U.S banks can buy and sell crypto assets on their behalf. The agency also said it was removing references to reputation risk from its handbooks and guidance, though it noted that it would not change its expectation on how banks handle risks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BTC Volatility Review (October 6 - October 27)
Key indicators (4:00 PM Hong Kong time on October 6 -> 4:00 PM Hong Kong time on October 27): BTC/USD -6.4...

Cathie Wood warns: As interest rates rise next year, the market will be "chilled to the bone"
AI faces adjustment risks!
2025 Trading Guide: Three Essential Trading Categories and Strategies Every Trader Must Know
Clearly identify the type of transaction you are participating in and make corresponding adjustments.
BlackRock’s Stance Leaves Altcoin Enthusiasts on Edge
In Brief BlackRock's Bitcoin spot ETF boosted confidence, defying expectations of Bitcoin's end. Altcoin ETFs could eliminate current institutional investor limitations, spurring market growth. Lack of BlackRock's altcoin ETF may limit long-term support, risking market disillusionment.

