The US Senate has confirmed the appointment of archaic blockchain company executive Jonathan Gould to wobble the Space of enterprise of the Comptroller of the Forex (OCC) by a vote of 50-45. Following his affirmation, the dossier used to be sent to President Donald Trump for his perfect signature.
Gould beforehand served as identical old counsel at Bitfury, a blockchain abilities developer. Before that position, he served as senior vice chairman and identical old counsel on the OCC. Trump nominated Gould for OCC chair in February.
In a procedural roll call carried out before the vote, cryptocurrency indicate Senator Cynthia Lummis voted towards Gould’s nomination. Based mostly totally on Punchbowl Info reporter Brendan Pedersen, Lummis’s spokesperson said that the senator wanted to own additional discussions with Gould on stablecoin regulations and the overriding of federal banking legal pointers over bid ones. Nonetheless, Lummis within the raze voted yes, supporting Gould’s affirmation.
Gould’s presidential affirmation comes as the US Congress is without be conscious transferring forward with cryptocurrency regulation. Next week is asserted “Crypto Week,” and the Dwelling of Representatives will debate the GENIUS Act, a stablecoin bill. The bill goals to totally reduction stablecoins with US dollars or an identical liquid resources, mandate annual audits for issuers with a market capitalization exceeding $50 billion, and place rules for foreign stablecoin issuers.
The OCC persevered to steal crypto-pleasant steps through 2025. The company clarified that U.S. banks might substitute crypto resources on their very cling behalf and launched that it would remove “reputational chance” clauses from its pointers.
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