U.S. President Donald Trump has nominated Jonathan Gould, a former cryptocurrency company executive, to head the Office of the Comptroller of the Currency (OCC), the nation's banking regulator.
February 11, the White House submitted his nomination to the Senate. If confirmed, Gould will serve as Comptroller of the Currency for five years.
Gould is a former general counsel at Bitfury, a
#blockchain infrastructure company, and is currently a partner at Jones Day. He previously served as Senior Deputy Comptroller and General Counsel of the OCC from late 2018 to mid-2021 in the Trump administration, and prior to that was a director of
#BlackRock from 2014 to 2018.
OCC works to ensure the safety of the U. S. banking system, with large banks It regulates and supervises all U. S. national banks that are members of the Federal Reserve System, including JP Morgan Chase and Bank of America.
Christine Smith, executive director of the
#Cryptocurrency Blockchain Association, said in a statement to website X that Gould is Avichal Garg, co-founder of investment firm Electric Capital, told website X that Gould's appointment is an important step toward improving financial health.
Mr. Garg added that Mr. Gould wants fair banking access for cryptocurrency companies and is against Operation Chokepoint 2.0.
Speaking at a March 2023 House Financial Services Subcommittee on Digital Assets hearing on the Biden administration's approach to
#cryptocurrencies , Mr. Gould said that regulatory actions taken at the time had a "chilling effect" on banks' ability to engage in cryptocurrency activities and that he was "opposed to digital
Gould's candidacy comes as Trump administration officials recently explored the possibility of including the Federal Deposit Insurance Corp. in the Department of Financial The Wall Street Journal reported on Feb. 11 that a source said the nomination was in response.
Another notable recent nominee is John Hurley, nominated by Trump on Feb.
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